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Home Market Research Markets

Push to ‘Dump the Gas Tax’ Grows, but Is It Any Closer to Reality?

by TheAdviserMagazine
4 months ago
in Markets
Reading Time: 1 min read
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Push to ‘Dump the Gas Tax’ Grows, but Is It Any Closer to Reality?
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USA TODAY Network / Reuters

Momentum appears to be building for a push to suspend or eliminate the 18-cent-per-gallon federal gas tax to help drivers suffering from high prices at the pump due to the Iran war. The largest lobbying group for carmakers in Washington, the Alliance for Automotive Innovation, came out in favor of a plan to eliminate the federal gas tax in favor of a new vehicle fee that would be based on the…



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