Politico Congress Minutes

“Rep. Peter DeFazio (D-Ore.), chair of the Transportation Committee, blasted the idea in a statement: “Suspending the federal gas tax will not provide meaningful relief at the pump for American families, but it will blow a multi-billion-dollar hole in the highway trust fund, putting funding for future infrastructure projects at risk.”

Democrats argue any help for families dealing with high gas prices could be worth it, but suspending the federal gas tax may not make much of an impact. The Penn Wharton Budget Model estimated savings would be an average of between $16 to $47 total per capita under a ten-month suspension. Others argue there’s no guarantee the oil companies would pass along all the savings to consumers. And all that to potentially hamstring the fund responsible for funding infrastructure projects.”
https://www.politico.com/minutes/congress/06-22-2022/gas-tax-holiday-blues/

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