Pay Less at the Pump Act of 2026
Rep. Carey's Pay Less at the Pump Act Would End Superfund Oil Tax to Cut Gas Prices
Legislative Progress
Key Points
- This bill, introduced by Representative Carey, would stop a federal tax on oil and petroleum products. This tax is currently used to pay for the 'Superfund' program, which cleans up the most polluted and dangerous land and water sites in the United States.
- The goal of the plan is to lower the cost of making gasoline. By removing this tax, the bill's sponsors hope that oil companies will pass the savings to drivers, making it cheaper to fill up your car or truck.
- If this becomes law, the tax would end starting January 1, 2026. The bill also changes how the government pays for environmental cleanups, forcing them to use existing money rather than taking out new loans or using this specific tax.
- A major concern is that without this tax money, the government will have less funding to fix toxic waste spills and environmental disasters. This could mean that dangerous sites in local communities stay polluted for a longer period of time.
Impact Analysis
Personal Impact
Life & Work
Homeowners living near or on Superfund toxic waste sites could be negatively affected if reduced funding slows down environmental cleanup efforts. The Superfund program pays to clean up some of the most contaminated land in the country. Without the dedicated oil tax revenue, these cleanups could be delayed, potentially affecting property values and health risks for nearby homeowners.
Disabilities
State Impacts
Milestones
Referred to the House Committee on Ways and Means.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
Related News
3 articlesRepublicans revive quest to repeal Superfund oil tax
Republicans in both chambers have reintroduced legislation to eliminate a key 'polluter pays' industry tax used to fund EPA cleanups. The 'Pay Less at the Pump Act' would repeal the excise tax on crude oil and imported petroleum just three years after it was reinstated.
Superfund Tax would be eliminated under Carey's newly proposed bill
U.S. Rep. Mike Carey (R-OH) led colleagues in introducing the Pay Less at the Pump Act of 2026, H.R. 7527. The bill aims to boost domestic energy production and lower costs for American workers by terminating the Hazardous Substance Superfund financing rate.
Local representative reintroduces Pay Less at the Pump Act
Rep. Mike Carey reintroduced legislation to boost domestic energy production and lower costs for workers by eliminating the IRS Superfund Tax, which is imposed on crude oil at U.S. refineries and applies to imported petroleum products.
Source Information
Document Type
Congressional Bill
Official Title
Pay Less at the Pump Act of 2026
Data Sources
Sponsor
Cosponsors
(5)Analysis generated by AI. Always verify with official sources.