June 22, 2022

Chair DeFazio Responds to President Biden’s Call for a Federal Gas Tax Holiday

Washington, D.C. — Today, Chair of the House Committee on Transportation and Infrastructure Peter DeFazio (D-OR) issued the following statement in response to President Biden’s call for a three-month federal gas tax holiday: 

“Although well-intentioned, this policy would at best achieve only miniscule relief while blowing a $10 billion dollar hole in the Highway Trust Fund that would need to be filled if we want to continue to fix crumbling bridges, address the spike in traffic deaths, and build a modern infrastructure system. Furthermore, encouraging state governments to suspend their gas taxes undermines the impact of the Bipartisan Infrastructure Law by reducing funds available to states to spend on infrastructure improvements. We should instead deliver relief directly to consumers by ending Big Oil’s price gouging and profiteering, with my bill, the Stop Gas Price Gouging Tax and Rebate Act, which taxes the oil industry’s obscene 2022 profits and returns the revenue back to Americans.”