State Gas Tax Holiday To Bring Relief At The Pump

The video discusses recent gas tax holidays implemented by states to provide temporary relief from high gas prices. It highlights the current national average gas price and specific state actions, such as Georgia's suspension of gas taxes. The video also covers the proposal by Senator Raphael Warnock to waive the federal gas tax, which could offer additional savings to consumers. However, concerns are raised about the long-term financial impact on state and federal revenues, which fund infrastructure projects. The video concludes by noting the potential short-term benefits and long-term challenges of these tax holidays.

How much could the federal gas tax holiday potentially lower federal tax revenue?

What is the potential cost to Georgia's spending collections due to the gas tax suspension?