Gas Tax Suspension Act
Sen. Hawley Introduces Gas Tax Suspension Act to Pause Federal Fuel Taxes for Up to Six Months
The Gas Tax Suspension Act is currently in the Senate Finance Committee for review. It was recently introduced and is waiting for the committee to decide on its next steps. The bill is still in the early stages of the legislative process.
Legislative Progress
While tax cuts are popular with voters, many lawmakers oppose gas tax holidays because they increase the national debt and can encourage more fossil fuel use.
Key Points
Impact Analysis
Personal Impact
Renters who drive would see the same per-gallon savings as everyone else. However, renters tend to have lower incomes on average, so even modest fuel savings can be a slightly bigger deal relative to their budgets. The effect is still small and temporary.
Milestones
Read twice and referred to the Committee on Finance.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
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
2 articles
GOP Lawmakers, Trump Push Proposals to Suspend Federal Gas Tax
Senator Josh Hawley introduced the Gas Tax Suspension Act (S. 4485) to reduce gasoline and diesel taxes to zero for 90 days. The bill includes a provision to transfer general funds to the Highway Trust Fund to replace lost revenue, ensuring infrastructure projects remain funded.
Trump Seeks Suspension of the Federal Gas Tax
The proposed Gas Tax Suspension Act would pause the 18.4-cent gasoline tax and 24.4-cent diesel tax. While providing short-term relief, analysts note the suspension could remove billions from the Highway Trust Fund, requiring Congress to find alternative funding for road and bridge projects.
Source Information
Document Type
Congressional Bill
Official Title
Gas Tax Suspension Act
Data Sources
Sponsor
Analysis generated by AI. Always verify with official sources.