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Boston residents beg for a break, but expert says gas tax holiday will only provide ‘a large pizza’ worth of relief – Boston News, Weather, Sports – Boston, Massachusetts

Boston, Massachusetts 2022-06-22 17:01:23 –

Boston (WHDH)-Boston residents have said they need to break away from “indescribable” petrol prices, but experts say President Joe Biden’s three-month petrol tax holiday plan is less relief. Said not to be.

In Charlestown, people who get gasoline said that prices close to $ 5 per gallon are affecting their daily lives and tax exemption periods will be welcomed.

“It can’t be expressed in words,” said Shobricka Ward. “”[The holiday] Many people are struggling, so it definitely needs to happen. People need to get to work. “

Biden’s plan is to eliminate the federal tax of 18.4 cents per gallon for three months and the federal tax of 24 cents per gallon of diesel. Although the state’s petrol tax of 24 cents per gallon in Massachusetts remains, Biden asked the state to create its own petrol tax holiday, and Governor Charlie Baker said he would support the holiday.

The gas tax will fund important federal highways and road construction, but Biden said the tax suspension will not affect those projects. But Jay Zagorksy, a senior lecturer at Boston University’s Questrom School of Business, said the vacation wouldn’t help the average driver.

“I don’t expect people to see real relief on the pump,” Zagorsky said. “A typical driver uses 1 gallon of petrol per day. This saves only 18.5 cents per day. A 90-day petrol vacation, which costs about $ 16 for a big pizza. It’s an expense. “

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Boston residents beg for a break, but expert says gas tax holiday will only provide ‘a large pizza’ worth of relief – Boston News, Weather, Sports Source link Boston residents beg for a break, but expert says gas tax holiday will only provide ‘a large pizza’ worth of relief – Boston News, Weather, Sports

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