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.
Provides three-month reduction or suspension of tax on highway fuels based on average retail price of unleaded regular gasoline; makes an appropriation.
Provides three-month reduction or suspension of tax on highway fuels based on average retail price of unleaded regular gasoline; makes an appropriation.
Urges federal government to approve construction of oil and natural gas pipelines within United States including those that have been shut down or have had approval denied.
Gasoline and motor fuel taxes, to suspend a portion of the state excise taxes on gasoline and motor fuels from May 1, 2022 through May 1, 2023, and to provide conditions for the suspension and continuation of the excise taxes.
Taxation, gasoline and motor fuels taxes, portion of state excise taxes suspended on gasoline and motor fuels from May 1, 2022, until September 1, 2022.