Federal Gas Tax Suspended
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Government eliminates federal taxes on gasoline for one month.
A reminder that congress would have to approve a suspension of the federal gas tax. House and Senate are out until after the election. • • The House leadership thought about doing it before they left, but there was internal dissent.
Federal government introduces bill to extend gas tax pause to January 2027
House conservatives say they're getting a gas tax suspension vote as fuel prices climb
Scoop - House GOP leaders just promised a group of Republican holdouts they would meet and discuss *possibly* putting a federal gas tax suspension bill on the floor before the House leaves for recess until Nov this Thursday — in order to pass the rule just now, per two people in the floor talks • • Some GOP hardliners are pressuring Speaker Mike Johnson to do it - some at-risk Rs want it too. but the issue is deeply divisive in the GOP ranks. • • Any vote is still TBD and would likely have to be under suspension • • w/ @Reporter_Mia @NicoPortuondo • •
Members of the HFC held out on the rule vote because they want a vote to lower gas prices, which are sky high due to the war in Iran. • • House GOP leadership said they would consider a vote to suspend the federal gas tax, but need broad-based buy in from the conference.
the leadership committed to a vote on a bill aimed at lowering gas prices. hfc has been pushing for a vote to suspend the federal gas tax. this is the chamber's last week in session.
Federal government will extend gas tax holiday into 2027, sources say
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.