Gas Tax and Electricity Hikes Inside Inflation Reduction Act
The Inflation Reduction Act of 2022, passed the Senate on Aug. 9, 2022. Inside the $430 billion bill promoting deficit reduction and climate change, is an increase in your gas taxes. With gas averaging more than $4.00 per gallon across the country, and only weeks removed from record-high prices, this act includes a 16.4 cents-per-barrel tax on crude oil and imported petroleum products that will be passed on to consumers in the form of higher gas prices. The tax hike will affect you - even if you own an EV. If you have additional questions, put them in the comments below and I'll be happy to answer.
00:00 #Gas #Tax and Electricity Hikes Inside #Inflation Reduction Act
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01:42 Inflation Reduction Act and EV credits
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03:24 used EVs
04:00 The facts
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