With rising food and energy prices driving inflation to levels not seen in 40 years, President Joe Biden is proposing a federal gas tax holiday. Unfortunately, the suggested fuel tax holiday is unlikely to reduce prices at the pump but could blow a hole in the federal Highway Trust Fund and further politicize transportation funding.
With several states, including Georgia, Florida, and New York, passing bills to suspend state gas taxes, President Biden recently called for other states to do the same and began pushing for a three-month holiday from federal motor fuel taxes. A White House aide told Politico, “A
