WASHINGTON, D.C. – Today, Representative Josh Harder thanked Senators Mark Kelly and Maggie Hassan for introducing new legislation to suspend the federal gas tax by creating a federal gas tax ‘holiday.’ The Gas Prices Relief Act will halt the 18.4 cents per gallon gas tax levied by the federal government through the end of 2022. According to AAA, Californians currently pay an average of $4.68 cents per gallon, the highest price in the nation and $1.20 more than the national average.
For months, Rep. Harder has been leading the charge on the state and federal level to address the price of gas. In his December op-ed in Fox Business, I’m a Democrat and it’s time for our government to stop making gas more expensive, Harder called for elected representatives across the country to halt their gas taxes while gas prices remain at all-time highs. Soon after Rep. Harder’s push, Governor Newsom announced a proposal for a gas tax ‘holiday’ which would save California families $523 million this year.
“Families in the Central Valley pay some of the highest gas prices in the country and I’m sick and tired of government making the situation worse. Today, I thank the Senate for following my lead by introducing legislation to suspend the federal gas tax and give our families a break at the pump,” said Rep. Harder. “My number one priority right now is bringing prices down so everyone can afford to live and raise a family in the Valley. This is another great step toward making that world a reality.”
The Gas Prices Relief Act will lower high gas prices and deliver much-needed economic relief to Americans across the country by:
- Suspending the 18.4 cents per gallon federal gas tax until January 1, 2023. Currently, the national average for the cost of a gallon of gas is nearly one dollar higher than it was at the same time last year, according to AAA. Last year, Arizona was ranked by AAA as one of the most expensive markets for gas prices.
- Passing tax savings to Americans and not oil and gas companies by requiring the Secretary of the Treasury to monitor the program in order to ensure oil and gas companies pass along the savings at the pump to consumers. The bill also encourages the Secretary to take appropriate enforcement actions to ensure consumers see these savings.
- Maintaining the integrity of the Highway Trust Fund by requiring the Department of the Treasury to make general fund transfers to keep the Highway Trust Fund solvent.
To read the text of the Gas Prices Relief Act, click HERE.
Go to Source