The Macro Moment: NY Tax Holiday On Gas - Are We In For A Crash
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New York is putting forth a bill to suspend the tax relating to gasoline for 7 months.
In this video I discuss how high gas prices affect the economy and how this gesture, while a good one, is going to come back and hurt tax payers. Plus, we have to be ever mindful that the longer this goes on, the greater the likelihood this ends up in a recession.
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