High gas prices are a bad problem; suspending the gas tax is a bad solution

In April 2021, the Federal Reserve prophesied that inflation would only be a short term problem and “disappear in a few months.” Yet here we are almost a year later with the highest inflation level in four decades, and no signs that inflation will ease anytime soon. Whether it’s more expensive groceries, higher monthly rents, or exorbitantly priced new and used cars, it feels as though everything is more expensive. Some of the toughest increases are concentrated in energy costs, and President Biden has not taken energy inflation seriously. He has proposed to raise energy taxes, end drilling on federal lands, and has stalled issuing new drilling leases — all measures that will exacerbate the pain Americans are feeling at the pump.

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