Capitol Hill Democrats Eye Federal Gas Tax Holiday

U.S. Senate Democrats are mulling a plan to suspend the federal gasoline tax to lower prices at the pump, according to Politico. The publication notes that Republicans aren’t eager to help Democrats address what they view as a partially self-inflicted wound from high energy prices.

According to one estimate, such a tax holiday would advance the insolvency date of the Highway Trust Fund from 2027 to 2026. 2/16/2022