The price of regular gas is around $3.15 per gallon, give or take. I bet you’d like to see that dip below the $3 mark, right? Who wouldn’t?
That’s one of the things Gov. Bob McDonnell is counting on with his eyebrow-raising proposal to end once and for all Virginia’s 17.5-cents-per-gallon tax on gasoline in order to solve Virginia’s long-running transportation-funding problems.
But reaction seemed mixed among Roanoke Valley motorists last week shortly after McDonnell trotted out the idea. I drove around town and pestered them at the pumps for their thoughts.
Before we get to those, here’s a brief outline: McDonnell would end Virginia’s tax on gasoline (but not diesel fuel) and he estimates that will save Virginia motorists $3.5 billion at the pump over 5 years.
To replace that lost revenue, the General Assembly would increase the general sales tax from 5 percent to 5.8 percent. That would apply to clothing, food at restaurants, furniture, appliances, autos, and just about any other item you purchase other than medicine or groceries or vehicle fuel. The current 2.5 percent sales tax on groceries would not increase.
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