Gas money: Is it better to send out checks or suspend a tax?
Gas money: Is it better to send out checks or suspend a tax?
- March 25, 2022
- David Neumark, economics, Capital Public Radio, March 25, 2022
Sending out checks and cutting the gas tax both have the same aim, but the two methods have different implications for reducing usage of fossil fuels, says David Neumark, an economist [and Distinguished Professor] at UC Irvine. When the price of gas is high, people try to use less of it, said Neumark. If the state sends out checks, people who can’t change how much gas they use can use the money to offset higher prices at the pump, while others could try to drive less and use the money to cover other needs.
For the full story, please visit https://www.capradio.org/articles/2022/03/25/gas-money-is-it-better-to-send-out-checks-or-suspend-a-tax/.
Share on:
Related News Items
- Here come the fast-food robots
- Jon Coupal: ULA tax numbers expose economic ignorance
- Opinion: Black and Hispanic youths pay the biggest price for minimum wage hikes
- Fast food chains, workers are bracing for California's minimum wage increase: What to know
- Opinion: California's crazy 'fast food' minimum wage takes effect
connect with us