The following press release, from the Commonwealth Institute, finds that, as usual, Glenn Youngkin’s ideas badly “miss the mark.” In this case, “30% of the projected ‘savings’ from this plan would likely flow to oil producers, rather than fully passed onto motorists.” And if that’s not bad enough, Youngkin’s “proposal would also partly reverse the bipartisan progress made over the past decade to invest more — not less — in maintaining and improving state transportation systems.” Dumb, dumber, dumbest…
Earlier this month, Gov. Youngkin proposed a suspension of the state’s 26-cents per gallon gas tax for three months and capping gas tax rates in future years. If enacted, this policy is likely to miss the mark on helping families in Virginia who are struggling with higher costs. New analysis shows that 30% of the projected “savings” from this plan would likely flow to oil producers, rather than fully passed onto motorists and less than a third of the benefit from suspending the state gas tax would flow to Virginia residents with incomes below $136,000. The majority would be received by industry or people who don’t live in Virginia. |
|
|
Lawmakers have other tools available that will more directly support Virginia families and protect the state’s ability to make critical investments in the future. Our latest piece has more. |
|
|
