Proposals to Suspend Gas Tax Losing Steam
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Last week, House Speaker Nancy Pelosi (D-CA) threw cold water on proposals to stop collecting the federal gas tax. Earlier this year, legislation was introduced to suspend collection of the federal gas tax for the remainder of 2022. This effort is spearheaded by vulnerable Democrats in both the House and Senate as Congress seeks to implement policies that will blunt the impacts of historically high inflation and rising gas prices.
NRMCA and the construction industry oppose efforts to suspend the gas tax. The federal gas tax is the primary funding stream for the Highway Trust Fund, which funds state transportation and infrastructure projects. The legislative proposals would transfer funds from the general fund to cover the shortfall, expanding budget shortfalls and setting up a cliff at the end of the year at which Congress must decide whether or not to extend the gas tax holiday. NRMCA and our industry allies have conducted meetings with congressional offices and sent letters to the Hill opposing this proposal and will continue to advocate against this legislation.
For more information, contact Andrew Tyrrell at atyrrell@nrmca.org.
