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The federal gas tax holiday will cause the government to print $6.7 billion dollars to make up for the differnce. Most likely more

The federal gas tax holiday will cause the government to print $6.7 billion dollars to make up for the differnce. Most likely more

Bitcoin Reddit

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The revenue raised from gas taxes has failed to keep up with rising infrastructure costs and inflation. The money goes to the insolvent highway trust fund.

r/Bitcoin - The federal gas tax holiday will cause the government to print $6.7 billion dollars to make up for the differnce. Most likely more

They were already printing money to fund highways with the gas tax. Without it they will have to print a additional 6.7 billion dollars just to cover the 3 month pause. We all know they may never resume the collecting of the tax, and they are encouraging states to pause the state tax. They are gonna to end up printing $27 billion for per year of to cover the federal gas tax. Once again the country is fighting inflation by printing money. Get your bitcoin now.


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