Georgia Suspends State Gas Tax

Woo-Hoo!

Good news! Georgia Gov. Sonny Perdue today announced that, effective at midnight tonight and running until the end of September, no state gasoline taxes will be collected. Perdue expects stations to drop their prices up to 15 cents per gallon within hours. Those stations that don't pass on the savings to consumers will be singled out for investigations by the Department of Revenue and Office of Consumer Affairs.

I suppose it's not necessary to mention that Gov. Perdue is running for re-election next year and he timed his announcement to run live on Georgia TV news broadcasts. It's also probably not necessary to mention that the suspension in tax collection is more a political play than an economic benefit.

Hey, but it's better than nothing.