hold on there's just too much going on in Congress lmao...
Suspends federal gas tax and halts some oil/gas company tax breaks when gas prices are high.
Introduced by Rep. Boyle (D-PA) to address high gas prices.
Introduced in the House; awaiting committee review.
This bill would temporarily lower the federal gasoline tax when the national average price of gas exceeds $3.99 per gallon, reducing the tax by one cent for every cent over that threshold. To help offset this revenue reduction, it would stop certain tax breaks, like those for drilling costs and enhanced oil recovery, for oil and gas companies during those same periods. Representative Brendan Boyle, a Democrat from Pennsylvania, introduced this bill. It is currently awaiting consideration by a House committee, a required step before it can be voted on by the full House.
Introduced Apr 30, 2026
This bill has been formally introduced in the U.S. House of Representatives by Representative Boyle on April 30, 2026. It was then sent to the House Committee on Ways and Means for review. For the bill to become law, it must pass through this committee, be voted on and approved by the full House, then pass the Senate, and finally be signed by the President.
If gas prices at the pump nationwide climb above $3.99 per gallon, the federal gas tax you pay would decrease by one cent for every cent above that threshold. This could provide some immediate, though potentially small, relief on your fuel costs. To help fund the reduced tax revenue, oil and gas companies would temporarily lose certain tax benefits, such as deductions for intangible drilling costs and credits for enhanced oil recovery and marginal wells. Critically, the bill ensures that the Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund would still receive their full intended funding from the general treasury, preventing any immediate impact on infrastructure projects or environmental cleanup.
Supporters Say
Supporters would argue this bill provides direct relief to consumers struggling with high gas prices while making oil companies share the burden.
Critics Say
Critics might contend that reducing the gas tax could increase demand, or that removing tax breaks could discourage domestic energy production.
Proponents are likely to emphasize that this bill directly eases the financial strain on everyday Americans by making gasoline more affordable during periods of high prices. They might also point out that it requires energy companies to contribute more when they are likely benefiting from higher oil prices, thus balancing the impact. Opponents, however, could argue that a gas tax holiday might stimulate demand, potentially driving prices even higher, or that removing tax incentives could reduce the profitability of domestic oil and gas production, impacting energy independence or future supply.