US EditionVirginia Republicans Propose Gas Tax Holiday as Prices Surge
Virginia Republicans propose a 90-day gas tax holiday to ease rising fuel costs, estimating a $375 million cost covered by state surplus and reserve funds.
- On Friday, Virginia House and Senate Republicans proposed a 90-day suspension of the state's motor fuels tax to provide immediate relief to families facing surging fuel costs.
- Rising oil prices tied to the ongoing war in Iran have pushed average gasoline prices in Virginia up by $1 over the last month, straining household budgets.
- House Minority Leader Del. Terry Kilgore estimated the plan costs roughly $125 million monthly; lawmakers propose using state surplus and reserve funds to offset lost revenue.
- Governor Abigail Spanberger and House Speaker Don Scott rejected the proposal, with Spanberger stating "Let's be 100% clear about why gas prices are skyrocketing: It's because President Trump unilaterally launched a war."
- Legislators may pursue the measure through a special session or budget amendment next month, though Old Dominion University Economics Professor Bob McNab warned that gas tax holidays rarely deliver full savings to consumers.
14 Articles
14 Articles
PAIN AT FUEL PUMP
Virginia Republicans propose gas tax holiday as prices surge
RICHMOND, Va. Virginia Republicans are calling on Democratic leadership and Gov. Abigail Spanberger to suspend the state's gas tax as prices at the pump soar due to the war with Iran. Gas prices in Virginia are an average of $1 more expensive than a month ago, according to AAA. The average for a gallon of regular unleaded in the state was $3.88 on Friday, while it was $2.82 a month ago.The increase is even more for diesel, with the average cost …
NBC 12 WWBT
Republican state lawmakers propose three-month gas tax holiday in Virginia
Amid spiking fuel prices due to the war with Iran, GOP caucus said the temporary relief can help constituents save a little money and sought Democratic support for the plan.
Rappahannock News
Virginia GOP proposes gas tax holiday as $375M relief plan
Virginia Republicans are calling for a temporary suspension of the state’s gas tax, a proposal they say would cost about $125 million per month and be covered using state reserves to provide short-term relief to Virginians.
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