What is a gas tax holiday?
Summary
A gas tax holiday means temporarily stopping the federal tax on gas and diesel fuel to lower prices for drivers. The federal gas tax helps pay for roads and public transit, and only Congress can decide to pause it, not the president alone.Key Facts
- The federal gas tax is 18.4 cents per gallon for gasoline and 24.4 cents per gallon for diesel.
- State gas taxes are separate and can be higher than the federal tax.
- The gas tax brings in more than $23 billion each year to fund highways and public transportation.
- The president cannot stop the federal gas tax by himself; Congress must approve any pause.
- Both the House and Senate are currently led by Republicans.
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