Federal Gas Tax Suspended
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Market pricing makes November 2 the favorite at 14% across 2 tracked outcomes, as of .
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November 214%
June 300%
What moved the odds?
9 AI-matched news signals available across this event, newest first. Entry price is the called side when the news hit; the signed return marks it against the outcome’s latest price as of .
Yet... Trump and Congressional talk about a temporary "gas tax holiday" imploded
VAULT: Rep. Richie Neal said Wednesday that he doesn’t expect the push for a suspension of the gas tax to go far. President Donald Trump endorsed the idea this week, leading House GOP leaders to consider a floor vote. • • @ccleffert has more: •
VAULT: Rep. Richie Neal said Wednesday that he doesn’t expect the push for a suspension of the gas tax to go far. President Donald Trump endorsed the idea this week, leading House GOP leaders to consider a floor vote. • • @ccleffert has more: •
High US gasoline prices boomerang back on Trump, directly hitting his supporters, prompting him to try tax cuts to quell the damage.
NEW — Rep. Nicole Malliotakis (R-NY) is planning to unveil a gas tax holiday bill as Republicans are divided over President Trump’s push • • Bill would provide 90 day suspension, and give the president discretion for up to an additional 125 days as Rs scramble to address high gas prices
Aguilar says tbd on whether Dems will ever see a gas tax bill but cites problems with depleting the Highway Trust Fund if a holiday is implemented
Gas tax holiday as Trump promises? Not so fast, trucking, construction industries say - CNBC • •
Gas tax holiday as Trump promises? Not so fast, trucking, construction industries say
What is this event about?
On May 11, 2026, Trump proposed suspending the federal gas tax.
This market will resolve to "Yes" if legislation that would, at least temporarily, suspend the federal excise tax on gasoline is passed by both chambers of the U.S. Congress and signed into law by the specified date (ET). Otherwise, this market will resolve to "No".
Qualifying legislation may include joint resolutions and must pass both the House and the Senate, and must be signed by the President, become law without signature while Congress remains in session, or become law through veto override. Presidential pocket vetoes that expire will not qualify.
The primary resolution sources for this market will be Congress.gov’s legislation tracker (https://www.congress.gov/bill/119th-congress/house-bill/22), the Library of Congress (congress.gov), and other official information from the government of the United States; however, a consensus of credible reporting may also be used.