Gas Price Relief: Federal Gasoline Tax Holiday Until 2023
This act aims to lower gasoline prices by temporarily suspending the federal gas tax until the end of 2022. This means drivers can expect to see reduced prices at the pump, leading to potential savings in household budgets. The government will ensure that funds for roads and infrastructure remain available by transferring money from other sources to cover the lost tax revenue.
Key points
Suspension of the federal gasoline tax from the act's enactment date until January 1, 2023.
Lower gasoline prices at the pump, potentially saving money for drivers.
The government commits to replenishing highway and underground storage tank trust funds to avoid impact on infrastructure funding.
Authorities will monitor to ensure that the tax reduction is passed on to consumers through lower prices.
Status:
Expired
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