New Jersey Assembly Bill AR136

New Jersey 2022-2023 Regular Session

• Introduced: 5/9/22
• Refer: 5/9/22

Caption

Urges Governor and President to suspend gas taxes.

Impact

If enacted, this resolution would not create new laws but would urge the state and federal authorities to take specific action concerning tax suspension. The change would directly impact how much consumers pay at the pump while aiming to alleviate the economic strain caused by inflated energy prices. Advocates believe that such a suspension could offer significant relief to households, especially those under financial stress, as high fuel costs contribute to increased living expenses across various sectors.

Summary

Assembly Resolution No. 136 urges the Governor of New Jersey and the President of the United States to suspend state and federal gas taxes. This resolution highlights the significant financial burden that rising gasoline prices have placed on Americans, particularly in light of a reported 8.5% inflation rate over the previous year and a substantial increase in energy costs, which included a 48% hike in gasoline prices. The intent is to provide immediate relief to New Jersey residents struggling to afford increased fuel prices, which are seen as a major component of the overall cost of living.

Contention

Points of contention surrounding AR136 may arise from differing views on taxation and its role in government revenue. Supporters argue that suspending gas taxes is a necessary measure to provide immediate financial relief to citizens facing unprecedented inflation and energy costs. However, opponents might express concerns regarding the long-term implications of suspending such taxes, including potential losses in funding for state infrastructure and public services, which are often financed by these tax revenues.