Indiana's sales tax on gas is falling on its own after hitting a record in August.
IndyStar transportation reporter Ethan May gets on I-465, sets his cruise control to the 55 mph speed limit and finds out what happens.There was a moment a few weeks ago when it looked like Democrats might troll Republicans into rolling back Indiana’s gas tax. The tumbling gas prices since then have made it clear that would have been a shortsighted mistake.from a record 29.4 cents in August.
But the prospect of a short-term political win does not justify taking a terrible policy position — and that’s what Democrats did. As the past few months have shown, gas prices go up and down for a lot of unpredictable reasons. Indiana does not have the leverage to manipulate energy markets and research has shown that gas tax holidays do not lead to dollar-to-dollar savings for consumers. In this case, the best solution, much like when you don’t care for the weather, was to just wait a while.
Beyond the basic reasons why suspending the gas tax would have been the wrong choice, Democrats played a dangerous long-term game, when they opposed raising the gas tax on the nonsensical grounds that they didn’t like other tax cuts Republicans had passed.
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