Governor offers 5-month tax break to fight inflation
TALLAHASSEE, FL – Governor Ron DeSantis wants Floridians to have gas relief, and he’s not talking about the kind that can be fixed with Gas-X. He proposes that the 2021 legislature consider a bill that will give Floridians more than $ 1 billion in gasoline tax relief at the pump.
He comes up with the idea of a five-month gas tax holiday that will save the average Florida family up to $ 200.
“Gas prices have gone up due to inflationary pressures from bad federal policies, so we here in Florida need to step up and relieve our citizens,” DeSantis said at a press conference earlier this week in Daytona Beach . “Today, I propose that during this session the Florida legislature grant over $ 1 billion in gas tax relief to Florida families. This will positively impact millions. of Floridians. ”
Florida Department of Transportation Secretary Kevin J. Thibault applauded the Republican governor’s announcement.
“Florida’s sound tax policies allow the state to ease the burden on consumers who continue to suffer from the impact of inflation, and we will continue to do all we can to ease the burden on all families. Florida, ”he said.
Chris Gheysens, President and CEO of Wawa Inc. joined DeSantis at the announcement.
“Given recent cost increases and supply chain challenges, this initiative will have a positive impact on families in Florida,” he said.
This proposal for gas tax relief comes on top of other initiatives announced by DeSantis in recent months to combat growing inflation in the country.
The United States Bureau of Labor Statistics has reported an increase in the cost of products and services across the spectrum in recent months. This has had an impact on the cost of rental housing, new and used cars, energy bills and the cost of food.
The consumer price index for all urban consumers rose 6.2% from October 2020 to October 2021, the largest 12-month increase since November 1990. Prices for all items except of food and energy, increased 4.6% in the past 12 months, the largest increase in 12 months. months of increase since period ending August 1991. Energy prices have risen 30 percent over the past 12 months, and the food index has increased 5.3 percent.
Prices for home-prepared foods have increased 5.4 percent in the past 12 months according to the six major food group indexes in grocery stores. The price of restaurant meals has increased 5.3 percent over the past year.
In addition, all major energy indices have risen sharply over the past 12 months, according to the Bureau of Labor Statistics.
Gasoline prices rose 49.6% over the past year and are now at their highest level since September 2014.
Fuel oil prices have increased by 59.1%, natural gas prices by 28.1% and electricity prices by 6.5% in the last 12 months.
The news is just as grim for those looking for a vehicle. The price of used cars and trucks rose 26.4% and new vehicles by 9.8%, the largest 12-month increase since the period ending in May 1975.
DeSantis said he has tried in recent months to fight the rising rate of inflation, including sending a blanket invitation to shipping lines to use Florida ports to ease the current supply chain crisis. American.