What would be better than reducing the gas tax? (sh.itjust.works)

submitted 1 day ago by sbv@sh.itjust.works to c/canada@lemmy.ca

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Carney and Co are lowering gas/diesel taxes:

The move means that the cost of gas will drop by 10 cents on a litre of gasoline and four cents per litre of diesel starting on Monday and lasting until Labour Day. The fuel tax holiday, which Carney said would also see the four cent per litre excise tax removed on aviation fuel, is expected to cost an estimated $2.4 billion.

One of the aims is to improve the affordability hit we're taking because of the US/Israel war with Iraq.

Does the tax holiday make sense to you? Could it be done better?

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[-] TribblesBestFriend@startrek.website 25 points 1 day ago

Alberta did this, in less than a year they roled it back because it did nothing, turns out that petrol industries boost their price to match the price reduction.

Tax cut to people earning less than 100,000$ a year and investing in bus, metro and tram. That’s the only way

[-] Jhex@lemmy.world 8 points 20 hours ago

Every single tax discount the government offers plays out like this. When Trudeau rolled out some green building initiative, every single Window vendor I was getting quotes from, raised their prices to match the discount

[-] sbv@sh.itjust.works 9 points 1 day ago

I'd go for a cheque sent to people earning under some cutoff, and public transit investments would be great.

[-] TribblesBestFriend@startrek.website 4 points 1 day ago

Yeah a cheque will do. Now with the tax cut the only winners are petrol heavy industries and anyway refineries will boost their price and put the blame on the liberals

[-] sbv@sh.itjust.works 2 points 1 day ago

I'm trying to find out more about the rollback in Alberta.

From what I can find, they've institutionalized the cut by linking the tax to the price of oil. That means the tax will shrink as prices increase (as far as I understand).

Do you have links that would support your statement?