Patrick Bauer, the Speaker of the state House of Representatives, wants a temporary suspension of the state's sales tax on gasoline during what he calls "the summer gouging period." Gov. Mitch Daniels is skeptical, and his legal counsel thinks that Daniels probably could not legally suspend the gas tax on his own, as then-Governor Frank O'Bannon did seven years ago.
The price tag for such a cut: about $41 million a month.
The big question: should lawmakers be upset or happy when they've got a gas tax that actually tracks with the price of gas? Strictly from the perspective of ensuring that gas tax revenues are sufficient, in the long run, to fund the public services they're supposed to be paying for, you absolutely want your gas tax to be based on the price of gas, and should be happy when revenues grow with the price. But this apparently isn't Rep. Bauer's perspective...
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