Referred to the House Committee on Ways and Means.
The bill temporarily sets the federal excise tax rate on gasoline to zero for gasoline removed, entered, or sold from enactment until January 1, 2026. It exempts the Leaking Underground Storage Tank (LUST) financing rate during that period and requires the Treasury to transfer from the general fund to the Highway Trust Fund and the LUST Trust Fund amounts equal to the lost tax credits.
Left stresses climate and regressivity concerns; conservatives emphasize consumer relief.
Relative to its intended legislative type, this bill is a straightforward substantive tax-change measure that clearly specifies the core statutory modifications and provides for replacement funding to affected trust funds.
The bill temporarily sets the federal excise tax rate on gasoline to zero for gasoline removed, entered, or sold from enactment until January 1, 2026.
It exempts the Leaking Underground Storage Tank (LUST) financing rate during that period and requires the Treasury to transfer from the general fund to the Highway Trust Fund and the LUST Trust Fund amounts equal to the lost tax credits.
The transfers are to be treated as if they were taxes received for certain bookkeeping purposes.
Content is narrow and administratively clear with built-in backfill, improving prospects, but fiscal concerns and need for broad Senate support lower chances.
Relative to its intended legislative type, this bill is a straightforward substantive tax-change measure that clearly specifies the core statutory modifications and provides for replacement funding to affected trust funds. It integrates with existing Code sections and assigns implementation responsibility to the Secretary of the Treasury.
Left stresses climate and regressivity concerns; conservatives emphasize consumer relief.
These are examples from the analysis, not a ranked list of the most-affected groups.
Left stresses climate and regressivity concerns; conservatives emphasize consumer relief.
Skeptical overall; views a temporary gas tax holiday as a blunt, regressive measure that undermines climate goals.
Appreciates the bill’s requirement to restore trust fund balances, but worries about deficit funding and limited relief targeting.
Pragmatically open to temporary relief but cautious about costs and effectiveness.
Supports preserving trust fund balances, wants clear enforcement and accountability for consumer pass-through and fiscal impacts.
Generally favorable to cutting federal fuel taxes to lower prices and reduce burden on consumers.
Some concern about using general fund transfers rather than permanently reducing spending or restructuring taxes, and about federal enforcement authority.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Content is narrow and administratively clear with built-in backfill, improving prospects, but fiscal concerns and need for broad Senate support lower chances.
The bill has not accumulated any surfaced votes yet.
Left stresses climate and regressivity concerns; conservatives emphasize consumer relief.
Content is narrow and administratively clear with built-in backfill, improving prospects, but fiscal concerns and need for broad Senate sup…
Relative to its intended legislative type, this bill is a straightforward substantive tax-change measure that clearly specifies the core statutory modifications and provides for replacement funding to affected trust fun…
Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.