State Gas-Tax Holidays Seen Having Limited Credit Impact: Fitch

President Joe Biden’s call for US states to consider suspending gas taxes amid the surge in fuel prices isn’t expected to impact their credit in the near-term, Arlene Bohner, head of U.S. public-finance ratings for Fitch Ratings, said on Bloomberg Television on Wednesday

• Read: Biden Says Gas Tax Pause Would Give Families ‘Bit of Relief’
  • Biden is calling on Congress to suspend the federal gasoline tax
• “Generally, our view is that those gas-tax holidays are not so material to credit in the near-term, as states are generally covering the cost of those holidays from the excess revenues that they ...