Maryland’s move to lift the gas tax comes amid similar calls by a growing number of governors and state lawmakers in other states, including Pennsylvania.
Gas prices at a Rutter’s store on Derry Street in Swatara Township. March 8, 2022. Dan Gleiter | [email protected]. Larry Hogan and top leaders in the Maryland General Assembly agreed to lift the state’s tax on gasoline and diesel to help blunt sharply rising costs for motorists.
Fuel prices, which had already been rising steadily, have shot up significantly in recent weeks after Russia, a major global energy exporter, invaded neighboring Ukraine. Western governments, including the United States, responded to the bloody ongoing invasion by imposing stiff sanctions on the Russian government, including a ban on importing Russian oil.
Maryland’s move to lift the gas tax comes amid similar calls by a growing number of governors and state lawmakers in other states. Rising gas prices also prompted the Democratic governors of Colorado, Michigan, Minnesota, New Mexico, Pennsylvania and Wisconsin tourging them to suspend the federal government’s 18.4-cent-a-gallon gas tax through 2022, a step that Hogan also endorsed.
Maryland’s fuel tax rates are tied to inflation and are slated to increase automatically in response to rises in the Consumer Price Index, which has jumped nearly 7.5% since February 2021. Unlike a sales tax, fuel taxes are charged as a fee on each gallon sold at the pump rather than as a percentage of what a driver pays to fill a tank.
Farkas said surging tax revenues reflected rising wages, strong business sales and the success of federal and state government stimulus programs. But Farkas noted the recovery “has been very unequal,” with people in high-wage jobs bouncing back quicker and faring far better than many low-wage workers. Rising pay for higher earners has significantly boosted state income tax revenue, Farkas said, even though the state still has about 100,000 fewer jobs than before the pandemic.
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