Biden’s ‘American Rescue Plan’ will be paying for DeSantis’ ‘Gas Tax Holiday’ in October.

Matthew C. Woodruff

https://img.particlenews.com/image.php?url=1QDcxF_0hogU2wN00
American Rescue Plan(office of Rep. Norma Torres)

Soon Floridians may be paying even less at the pump, as starting on October 1st the tax relief package passed by the Florida Legislature includes a 25-cents a gallon tax break on gas. I say ‘may pay less’ because drivers may not realize much benefit in the end.

Unlike sales tax, fuel taxes are assessed on gallons when product is removed from a terminal or imported into Florida. These taxes are remitted to the state by licensed terminal suppliers and importers who then pass the fuel taxes down through the supply chain to the ultimate consumer at the pump. Under Florida law, all segments of the petroleum industry must pass along the reduced tax rate, so the consumer receives the full benefit of the tax suspension. Still, according to an analysis by the Orlando Sentinel: there’s no guarantee gas stations will pass the savings along to customers.

Biden’s ‘American Rescue Plan’ provided Florida with more than $10 billion in federal funds. This package contained provisions like a tax exemption for energy efficient appliances, and an exemption for diapers which DeSantis included in a prior ‘Tax Holiday’ in Florida and is good for most of the 2022-2023 fiscal year.

Though State leaders have tried to take credit for these tax breaks, and the infrastructure project money DeSantis has been seen in the news awarding, this money comes straight from the Federal relief packages passed by Democrats in Congress. 213 Republicans in the US House and the majority of Senate Republicans voted against these federal programs that all Americans are now benefiting from.

Comments / 2

Published by

Matthew is a free-lance journalist, and an internationally award-winning author best known for Dark Humor/Lite Horror/Supernatural short stories, as well as an ordained minister who served as a domestic missionary. He is a lover of the unusual, travel, cats and the spark that makes people tick. Matthew is based in Florida, USA.

Gainesville, FL
2618 followers

More from Matthew C. Woodruff

Comments / 0