Governor’s Gas Tax Holiday Proposal Will Help Hard-Pressed Families

House Speaker Todd Gilbert, R-Shenandoah, and House Appropriations Chairman Barry Knight, R-Virginia Beach, both endorsed Governor Glenn Youngkin’s gas tax proposal Wednesday.

“Anyone who buys groceries or gasoline knows Virginia’s families are being squeezed more than they have in a long time. Inflation is the highest it’s been since Reagan’s first term, gas prices have skyrocketed, and we aren’t seeing any real leadership from Washington to address it,” said Gilbert.

“Governor Youngkin’s proposal will ease the pain at the pump for families, and it will do so without harming the Commonwealth’s transportation funding. This is a responsible, common-sense measure to help all Virginians struggling with increased costs,” he added. “I look forward to working with the Governor and my colleagues in the General Assembly to see it enacted into law at the upcoming special session.”

“Our Transportation Fund is doing quite well. Over the next two fiscal years, the fund will take in more than $1.1 billion in unanticipated revenue,” said Knight. “That’s money over and above what the Commonwealth had planned to spend. Inflation is skyrocketing and gas prices are at a record high. With revenues this strong, there’s no reason not to provide as much relief to Virginia’s hard working families as possible as soon as possible.”

Source: March 16th press release by Garren Shipley