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Monday, December 6, 2021

Florida Governor Seeks $ 1 Billion In Government Tax Cuts On Gas And Fuel

Florida Gov. Ron DeSantis announced on November 22 that he will ask state legislators to cut $ 1 billion in gas and fuel taxes at the upcoming January legislature.

DeSantis said that “nothing hurts people like these gas prices.” In addition to providing relief for Florida residents in the form of tax cuts, he called on gas stations to cut prices by 25 cents a gallon.

DeSantis said he is concerned that the wage increases will not be enough to cover rising commodity prices.

“Even if you start making more money if prices [for goods and fuel] growing faster than your wages or salaries, you are actually losing money in this inflationary economy, ”said the governor.

The governor added that he is countering the “inflationary pressures” of the Biden administration.

According to AAA, the average gasoline price for regular grade as of November 22 was $ 3.41 per gallon and $ 3.64 per gallon for diesel. On July 17, 2008, the highest gas price in the country was $ 4.11.

California and Hawaii have the highest averages ever, at $ 4.70 and $ 4.34, respectively.

The Governor said he wanted to “make a significant difference” to the lives of Florida residents during the upcoming session.

According to the US Energy Information Administration, gas prices across the country on November 22 rose by $ 1.29 over the same period last year.

Details of the proposed law were not immediately available. DeSantis said the gas tax cut will not affect Florida’s ability to pay for infrastructure projects or other initiatives in the state, as Florida has “more reserves than ever before.”

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DeSantis said he spoke with executives at several major gas stations in Florida and everyone agreed to cut gas prices along with tax cuts.

The governor warned that prices could continue to rise before lawmakers pass the law, which could take “many months” to implement.

Rep. Elissa Slotkin, Michigan, wrote a letter to President Joe Biden last week expressing concern about rising gas prices.

Slotkin is set to be re-elected in 2022 and has asked for responses after expressing concerns about her constituents.

“These things have a real impact on working families in my area,” Slotkin wrote.

The letter suggested to the president to be more “aggressive” and “increase diplomatic pressure” on the Organization of the Petroleum Exporting Countries (OPEC), which is limiting their oil production. Slotking also asked Biden to consider releasing oil from the Strategic Oil Reserve.

“While OPEC is trying to make up for lost profits during COVID-19, their collusion is happening at our expense,” she wrote.

“In particular, I urge you to work closely with the United Arab Emirates and other US allies who may wish to help counterbalance Saudi Arabia’s efforts to artificially and unjustifiably restrict production.”

E-mails and phone calls from Deputy Slotkin’s office were not answered.

The next legislative session is to begin in January and end on March 11, 2023. If adopted, the tax rate cut will not take effect until the next fiscal year, which begins on July 1.

To follow

Yannis Falkenstern is an Epoch Times reporter covering Florida.

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