Colorado economy facing imminent danger with ban on imports of Russian oil
DENVER, March 9, 2022—The representative association for the people most negatively affected economically by the pandemic and will again bear an unproportional brunt with President Biden’s announcement of a ban on Russian oil imports today called on Colorado leaders to suspend the 22-cents-a-gallon state tax on gasoline.
“Never before has the old cliché ‘every little bit helps’ been more true, outsized, and vital,” said Tony Gagliardi, Colorado state director for the National Federation of Independent Business (NFIB), the nation’s largest and leading small-business association. “As long as we continue to handcuff ourselves from producing our own oil, we are forever condemned to live in situations of our own making and consequences of our own fault.”
Gagliardi said the length of the suspension should last as long as it takes to get fuel prices back to their pre-ban levels. “Our entire economy is affected by skyrocketing gas prices. Two that come immediately to mind are small businesses that make deliveries and home health-care facilities that will have to wonder who will deliver such lifesaving supplies as oxygen tanks or even whether their employees can get to work and provide health care to patients.”
Gagliardi said that for those living on the margins, 22 cents x all the gallons of gas it takes to get to and from work or to pick up their children adds up fast. “We’ve now come to a time when businesses and families all share the same thought: What more can I cut, not where can invest and grow.”
Keep up with the latest Colorado small-business news at www.nfib.com/colorado or by following NFIB on Twitter @NFIB_CO or on Facebook @NFIB.CO
For 78 years, NFIB has been advocating on behalf of America’s small and independent business owners, both in Washington, D.C., and in all 50 state capitals. NFIB is a nonprofit, nonpartisan, and member-driven association. Since its founding in 1943, NFIB has been exclusively dedicated to small and independent businesses and remains so today. For more information, please visit nfib.com.
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