With the average price of a gallon of gasoline already over $4.00 and predicted to skyrocket to $6.00 this summer, Assemblyman Jim Tedisco (R,C,I-Schenectady-Saratoga) and Senator Greg Ball (R,C-Patterson) today called for short-term and long-term solutions to provide motorists with relief at the pump and help kick our nation’s addiction to fossil fuels.
Tedisco and Ball are introducing legislation (see PDF) to suspend the three separate state taxes on fuel – the 8-cent excise tax, the 8-cent sales tax and the 17-cent Petroleum Business Tax – during the busy four-day Memorial Day, Independence Day and Labor Day holiday weekends, providing consumers an immediate savings of 33 cents per gallon of gasoline – about $5 to $6 a fill-up.
At an average of $4.07 a gallon, New York ranks sixth in the nation and second to Connecticut in the Northeast for highest gas prices.
The lawmakers also are calling for investments in alternative energy research and development such as the Alternative Fuel Incentive Fund (A.1509) to create green jobs, protect the environment and enhance national security.
“Families and businesses are experiencing real pain at the pump that’s pinching their already over-stressed budgets. While we need to invest in clean and green alternative energy sources to solve our nation’s long-term energy needs, we can provide some relief now by suspending the state sales tax during the three summer holiday weekends,” said Tedisco, former Minority Leader and current Assistant Minority Whip. “This gas tax holiday is a win-win for taxpayers, small businesses and New York State’s coffers because when people have an incentive to vacation and visit loved ones they will stop and shop, helping our economy and contributing more sales tax revenue to state and local governments through the purchase of goods and services.”
“While those nations that hate us are getting rich at our expense, our blue collar families and small-business owners are being mugged. Governments should not smile and watch their government coffers grow as taxpayer misery skyrockets with ever- increasing gas prices. Let’s help people to enjoy their time off with their families, while giving our local economy a boost,” said Ball.