More Tax Holidays?
August 18, 2005
Wisconsin legislators are contemplating a “gas-tax holiday” for the rest of the year. From the Milwaukee Journal Sentinel:
Three Republican legislators from southeastern Wisconsin Wednesday called for a temporary 15 cent-per-gallon cut in the state’s gasoline tax – what they termed a “gas tax holiday” – to provide motorists some relief from skyrocketing gas prices.
Sales tax holidays are an increasingly popular way for politicians to win favor with constituents; however they are poor tax policy. See our sales tax holidays blog.
High gas prices certainly cost people more money, but lawmakers should stick to fixing the actual issues causing high gas prices, rather than further complicating the tax code to appease angry voters.