Bloomberg Tax
December 2, 2021, 11:00 AM UTC

Democrats Shouldn’t Suspend the Gasoline Tax: Opinion

Karl W. Smith

Some centrist Democrats in Congress are pushing for a suspension of the gasoline tax, on the federal and state levels, and it’s not hard to see why: Many of them face tough odds for re-election next year, and rising fuel costs affect every one of their constituents. From both a political and economic standpoint, the plan has some appeal.

Nonetheless, suspending the gas tax is a short-sighted idea.

The politics first: As some liberal commentators have noted, as gas prices have risen, President Joe Biden’s approval rating has fallen. Democrats may believe that if they can do something ...

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