Industry Groups Push Back on Short-Term Federal Gas Tax Holiday

Trucking and construction trade groups oppose a proposed temporary pause on the 18.4-cent federal gas tax (and the 24.4-cent diesel tax), arguing it would drain the Highway Trust Fund and undermine highway and transit funding even as gas prices rise amid the Iran conflict; the idea has mixed support in Congress, with a three-month pause potentially adding billions to the deficit if no offset revenue is found.