If gas-tax break is such a good idea, why wait? - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
May 25, 2022 Newswires
Share
Share
Post
Email

If gas-tax break is such a good idea, why wait?

News-Journal (Daytona Beach, FL)

As our state legislators reassemble for yet another special session this week — this time, dealing with the crisis in property insurance as hurricane season starts — they ought to give very strong consideration to moving up the month of Florida's gasoline tax holiday from October to July.

In planning the state budget in their regular 2022 legislative session, lawmakers decided to suspend the state's gas tax for October, hoping to cut the cost 25.3 cents per gallon. Hang the expense, they said, we can always dip into Florida's share of federal coronavirus recovery funds to make up the $200 revenue loss.

What maintaining roads and bridges has to do with easing the financial impact of the COVID virus is not clear. But who's going to quibble when there's money to be saved at the pump?

Last November, Gov. Ron DeSantis held news conferences in Jacksonville and Daytona Beach to propose $1 billion in gas-tax relief with a five-month hiatus. He and the Republicans who run the House and Senate wound up with the one-month suspension and, to no one's surprise, they scheduled it for the month preceding the big election in which the governor and most legislators will be on the ballot.

Early this month, DeSantis signed a package of $1.2 billion in tax cuts, including 10 sales tax "holidays" on consumer items ranging from fuel and diapers to disaster supplies and tools. He said, "Florida's economy has consistently outpaced the nation, but we are still fighting against inflationary policies imposed on us by the Biden Administration.

"In Florida, we are going to support our residents and help them afford the goods that they need," he continued. "Florida has been fiscally responsible, so we are in a good position to provide meaningful relief for families, right now."

Drivers paying $4.50 to $5 a gallon might think October isn't exactly "right now." And it's not the state's financial caution, but the federal government's largesse, that makes this holiday possible. But if they're going to do it, why wait?

The idea of doing it in October, at least officially, was that slotting it for the summer would afford great benefit to tourists, rather than Florida residents. Suspending the gas tax in July or August would probably cost a lot more in lost revenue and spread the break to hundreds of thousands of drivers who don't vote in Florida.

And besides, people might not remember on Election Day. It'd be a shame to see a good pander like that go to waste.

"Our goal was to make sure Floridians are able to have as much access to the $200 million reduction," House appropriations chief Jay Trumbull, R-Panama City, was quoted at the time. Sen. Kelli Stargel of Lakeland, the Senate budget boss, said choosing October "had nothing to do with the election."

But gas prices have spiked to unprecedented levels all over the country. If they suspended the state tax in July, would any Floridian really resent the idea that out-of-state visitors are getting the break, too? Most of us probably wouldn't even think of that.

The state could even promote the idea in its tourism advertising — "Hey, come on down and we'll help you with the cost of filling your tank." Since when has enticing tourists been something to avoid?

Of course, suspending the state fuel tax, whenever it's done, doesn't mean saving about a quarter on the gallon. Prices will continue to climb and there's no assurance that retailers will pass the savings along to customers. But it can't hurt.

There's a bit of irony — some would call it hypocrisy — in a conservative Republican state government taking political credit for a bit of tax relief made possible by the Biden Administration's economic recovery funding. But that's not unusual.

Nor is it unprecedented for the Legislature to remake its agenda f0r a special session. Just last month, we had one on redrawing Florida's congressional district boundaries and, with hardly any notice, DeSantis expanded the call of the session to include his plan for taking away Disney World's special governmental status.

Changing the effective date of a fuel-tax holiday seems like a minor detail, compared to some of the other things legislators have done in haste when they feel like it.

Bill Cotterell is a retired Tallahassee Democrat Capitol reporter who writes a twice-weekly column.

Capital Curmudgeon

Bill Cotterell

Tallahassee Democrat

USA TODAY NETWORK – FLA.

Older

Republicans push ahead with property insurance reforms

Newer

Florida Legislature advances home insurance reform bills

Advisor News

  • After the midterms: Addressing your clients’ tax concerns
  • Berkeley arts tax heads toward passage while public bank measure looks likely to fail
  • Americans’ sense of overall prosperity still ticks upward
  • Turning expanded eligibility into a better coverage plan for federal clients
  • Election 2026: Which of Berkeley's 7 ballot measures will pass?
More Advisor News

Annuity News

  • AM Best Affirms Credit Ratings of Knighthead Annuity & Life Assurance Company and Merit Life Insurance Co.
  • Jackson reports record annuity sales, increases share repurchase authorization
  • Why the market doesn’t need more carriers
  • Equitable, Corebridge steam toward merger with strong Q3 annuity sales
  • Jackson Announces New Annuity Offering for AARP Members
More Annuity News

Health/Employee Benefits News

  • Pike County facing year-end employee healthcare lapse
  • Investigators at University of Pennsylvania Report New Data on Managed Care (In-hospital Medicaid enrollment facilitates follow-up care for emergency general surgery patients): Managed Care
  • New Findings from University of Pennsylvania in the Area of Managed Care Described (Association of Neighborhood Socioeconomic Disadvantage With Excess Mortality Among Medicare Beneficiaries: Examining an Empirical Basis for Social Risk …): Managed Care
  • Research on Acute Lymphoblastic Leukemia Published by Researchers at Stanford University (Travel time, insurance, and specialized cancer care for adolescents and young adults with acute lymphoblastic leukemia): Oncology – Acute Lymphoblastic Leukemia
  • Investigators from Nationwide Children’s Hospital Zero in on Mental Health Diseases and Conditions (The 2021 Child Tax Credit Expansion and Mental Health Care Use Among Medicaid-enrolled Adolescents In Ohio): Mental Health Diseases and Conditions
More Health/Employee Benefits News

Life Insurance News

  • AM Best Affirms Credit Ratings of Central States Indemnity Co. of Omaha and Its Subsidiary
  • National Life Group Approves $23 Million Dividends for 2027
  • Milliman’s proposed $15.5 million settlement puts life insurance underwriting data in focus
  • Brighthouse Financial Announces Third Quarter 2026 Results
  • Prudential earnings dip as Japan sales suspension offsets U.S. growth
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Insurvoice Lets Independent Insurance Agency Owners Analyze Every Customer Call in ChatGPT or Claude
  • Spectrum Weather & Specialty Insurance Celebrates 15 Years and Welcomes the Next Generation
  • Royal Neighbors of America® Increases Service Capacity
  • Benefits Studio Launches to Fill the Missing Middle of Benefits Navigation at $49/mo
  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.