gas tax Archive
Indiana Income Tax Rate Reduction & Indiana Budget Surplus Projections
July 29, 2022
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TweetShareSharePin0 Shares With the Indiana General Assembly gaveled in this week for a special session called by Gov. Eric Holcomb (R), one of the issues is how to allocate portions of the $6.1 billion budget surplus for the fiscal year that ended June 30. The House, Senate, and governor agree that some of the extra
Gas Taxes in Europe | 2022 Fuel Tax Rates
July 12, 2022
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TweetShareSharePin0 Shares The European Union requires EU countries to levy a minimum excise duty of €0.36 per liter (US $1.55 per gallon) on gasoline (petrol). Today’s map shows that only Bulgaria, Hungary, and Poland stick to the minimum fuel tax rate, while all other EU countries opt to levy higher excise duties on gas. The
Are Tax Rebates a Good Way to Provide Tax Relief from Rising Prices?
March 29, 2022
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TweetShareSharePin0 Shares States are flush with cash, but taxpayers’ purchasing power is being eroded by high inflation. It’s unsurprising that many policymakers have jumped at the chance to apply surpluses to meet the genuine needs of many residents—but good intentions do not always make for good policy. Tax rebates, gas tax holidays, and other temporary
Suspending the Gas Tax Is a Mistake
February 22, 2022
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TweetShareSharePin0 Shares Rising inflation has become a dominant issue for policymakers in the past year, with the most recent report finding inflation has risen 7.5 percent over the past 12 months. Some lawmakers have proposed suspending the gas tax to reduce inflation. Rising gas prices are certainly one piece of the inflation puzzle—but suspending the
