Lawmakers Consider Tax Breaks At The Gas Pump

BALTIMORE (WJZ)—How would you like the idea of a tax break at the gas pump? It’s an idea being kicked around in other states.

Political reporter Pat Warren explains Maryland’s comptroller says it could work in Maryland.

Your tank is full, but your wallet’s on “E.”

“High gas prices are a dagger aimed at the heart of our economic recovery,” said Comptroller Peter Franchot.

Four in 10 families polled consider gas prices a hardship.

“It’s absolutely going to kill us,” Franchot said.

If only there were something the state could do about it.

“Anything we can do to take the pressure off and give our consumers and our citizens a break I’m all in favor of,” Franchot said.

That’s Maryland’s tax man. The state comptroller says he would support suspending the state tax on gasoline for a limited period of time.

“I think it’s way overdue,” said a motorist.

“Less tax is always better,” said another.

“They should,” a supporter said. “There should be no gas tax, should lower the price.”  

Some states are considering it. A New York state proposal subtracts its 33 cents a gallon gas tax for 12 days. New Hampshire might shave 5 cents off a gallon, and Illinois might suspend its six and a quarter sales tax. The question is Maryland.

“I think it would generate enormous economic activity far beyond whatever we would lose for that brief period,” Franchot said.

Some doubt the governor and General Assembly would agree to that.

“I don’t really see that happening,” said one non-believer.

But you don’t know unless you ask.

“Could it be implemented unilaterally and quickly? In Maryland, anything’s possible,” Franchot said.

Tax break or no, analysts expect gas prices to drop as much as 40 cents a gallon in the next four weeks – but even at $3.60 a gallon, the pain at the pump is still very real.

Governor Martin O’Malley was not available to comment on the idea.

More from Pat Warren
Comments

One Comment

  1. ShadowDancer says:

    IIRC, 0’Malley wants to increase the gas tax in the state, not decrease it. This is doomed. It is also why he won’t comment.

  2. KottaMan says:

    O’TaxMe is a wuss and a failure.

    1. JackDaniels says:

      NOW WAIT JUST A MINUTE!!!! HE DID SIGN THE LAW ALLOWING ILLEGALS TO GET IN-STATE TUITION……………HEY, MAYBE IF THE ILLEGALS PAID HIGHER THAN “IN-STATE” TUITION, ALL OF US “LEGALS” COULD GET A BREAK ON THE GASOLINE TAX??????

  3. Steven Cville says:

    O’malley reduce a tax! Thats a joke and if they ever did you can bet it would be followed with a big increase and them saying we will reduce it when we can but we have to be able to increase it as needed.
    O’Malley hasn’t seen a tax he would not increase, and remember the commercial he ran were a FEE IS A TAX against Bobby E. well Marty O’ has had no problem forgetting them and doing the same thing. And the Voting Cattle in Md. just keep putting the same Bulls in office. Too stupid to no better.

  4. GasCrazy says:

    The problem is not The Governor!! The problem is, how can the most powerful Nation in the World let weaker Nations dictate our economy’s destiny…. The USA is the one who keeps THUGS off their az’!!! If they are gonna charge us crazy prices, then we should do what we gotta do…..

    1. Donovan Hatcher says:

      I TOTALLY AGREE WITH THIS COMMENT

  5. chalkie says:

    Its not the weaker nations dictating our gas prices, its the stock market. I read a story about a shiek in Kuwait. He gets paid $27 a barrell, the rest comes from future predictions, oil rights, and oil companies having to pay stock holders plus thier mark ups. Exxon said a barrell of oil should not ever be higher then $60 to $70 ever. Our government allows all of this and we get hosed in the end. And then the state puts the gas tax on it just to top off thier spending tank, not our gas tank!!! Sorry anything to do with medical or enery should not be allowed to be on the stock market. All it is is the rich getting richer form everyone elses needs!!!

    And gas rights are a gamble. you invest $10000 into a share, if gas goes up a penny you make a $100000. If it goes down a penny you loose your steak. Atleast thats how it was explained to me.

  6. Shane McClean says:

    First, Marylanders need to be made aware of the market MSRP from each manufacturer. Second, wee need to know what the actual taxes are. Third, we need to do away with the tax, people who don’t use cars but use MTA are exempt from the tax, kind of unfair. Third, use your vehicle and mowers less, create a supply overage, decreassing demand. Foruth, buy a PRIUS. Fifth, NO ONE FILE THEIR TAXES FOR 2012, MAKE GOVERNMENT CONTROL THEIR SPENDING.

  7. Car less says:

    OH let me get this straight the local government takes the tax dollars they collect from gas purchases, and divert them away from the repair of roads, then they use the money for something else, the general fund. Now they approve a rate hike in the gas tax. And of course, all the fines, taxes,,,,oops fees at the already paid for Bay Bridge have to be doubled, without any promise of better service, speeding people on their way to Ocean City. Now they may consider a temporary so called tax break. I am and will stay for a long long long time CAR LESS,,,,just call me gone car less.

  8. Steve says:

    Unfortunately, I agree with most of you that Owe’Malley will never go for it. Franchot’s heart is in the right place, unfortunately he has to have the clueless governor approve it, which is totally contradictive to everything Owe’Malley stands for, which is taxing the hell out of us. It would be a total shock if he actually agreed to this.

  9. JIM says:

    DREAM ON IF THEY DID IT, IT WOULD ONLY BE FOR A WEEK OR TWO AND THEN BACK UP AGAIN. TWO OR THREE TANK FULLS AND IT’S OVER. NO REAL SAVEING THERE. WE NEED REAL HELP IN THIS STATE NOT THIS LITTLE TOKEN OR BONE THROUN TO US AND THEN TAKEN AWAY.

    VOTR THEM ALL OUT ANB START OVER BY CUTTING THE BUDGIT

  10. Dan Marecki says:

    I only have to fill up once every week and a half and I’ll bet you they’ll reduce the tax during the time I don’t need to fill up. The politicians in this state are crooked, always have been, always will be. I believe Delaware and Florida have no sales tax OR income tax for that matter and I don’t hear about their states being broke. LET ME do the auditing on the spending in Maryland instead of an “independent agency” being told what the outcome should be.

  11. Scott C says:

    To lower the tax for a short period might help but what’s going to happen when that time is up. There wil be raise in the tax to make up for what was lost. Some people can’t afford a car that gets 30 mpg. And also there is people that can’t afford gas at that price minus the tax. Go after the ones that claim the multi million dollar profits. There is enough U.S. drivers that will buy gas for a profit to be made. And everyday there is a new driver hitting the streets trying to get work, school or where ever they need to get to. As long as there cars and trucks gas will be bought and a profit will be made..

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