The Michigan House of Representatives voted on Wednesday to pass a bill suspending the state’s “gas tax” until Sept. 30 in an effort to combat skyrocketing gas prices amid inflation and the Russian invasion of Ukraine.
Inflation
University of Michigan economist Gabe Ehrlich predicts Michigan will almost fully recover the 1 million-plus jobs lost during the pandemic by the end of next year but “high inflation is part of the price we’re paying for a fast recovery.”