Viewpoint: Suspending gas tax is not Virginia’s answer

As the state looks at a historic multibillion-dollar surplus for fiscal year 2022, they have an incredible opportunity to make a substantial impact on the lives of our residents. However, I am concerned that the state continues to consider proposals that would whittle away at much of the funding we rely on to complete critical infrastructure upgrades.

I support the removal of the grocery tax. I also support the intent behind the governor’s proposal of a three-month suspension of the gas tax as, across the United States, we see residents under immense financial strain. None of us feel good about paying astronomical gas prices at the pump, and some simply cannot afford to fill their tanks. However, a suspension of the gas tax will not provide the relief needed. In fact, most economists agree gas prices are set by supply and demand market forces — certainly not because of a gas tax. Cutting the gas tax offers no guarantee that it will put more money in the people’s pockets at all. Ultimately,…

Read the full story from the Washington Business Journal.
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