So as I have said in prior discussions about excise taxes, the tax is ultimately paid by the seller and not the consumer. But short-term relief is the best we can hope for now. You know what would increase the supply? Production under a national energy plan featuring workers’ control.@PhilFish @EatTheRich
As the business news has pointed out NONE of what Biden proposed increases the supply of oil and his tax break only increases the demand... meaning in short order the price of the gas will go up most likely to a price point mirroring the cost of gas plus tax but that money NOT going to fix the roads.
Yes, Biden and his pros are real good. ha ha