INDIANAPOLIS – State Senator Tim Lanane (D-Anderson) and State Representative Gregory Porter (D-Indianapolis) are calling for Indiana to suspend the gas sales and gas excise tax. The goal is to suspend the tax for the next three months because of record high gas prices.
“For years, the supermajority has said they’re on the side of working Hoosiers – if that’s true, cutting the gas taxes should be an easy yes. Today, Indiana’s average gas price hit $4.15 per gallon – this is a huge blow to Hoosiers just trying to live their daily lives,” Lanane said.
Despite costing the state an estimated $300 million, they argue Indiana can afford it due to a surplus in the budget. They also claim the cost would be worth it, saving Hoosiers somewhere between $15 and $20 per tank.
“We’ve spent the entire legislative session gloating about our billions in reserve, and we know surging gas prices are going to drive up costs of basic goods and services across the supply chain. Now, it’s time to use that surplus to alleviate the burden of surging gas prices for working Hoosiers,” Porter said.
