News Flash

Federal Government

Posted on: June 29, 2022

President Biden Proposes Federal Fuel Tax Holiday

As a measure to reduce increasing costs as well as to mitigate the supply chain issues regarding Russia’s invasion of Ukraine, President Joe Biden called on Congress to suspend the federal gas tax for 90 days. Pausing the 18.4 cents per gallon gasoline and 24 cents diesel federal tax during the busy summer travel season requires congressional action.
  
 The proposal has met with public resistance in both chambers and both political parties for a variety of reasons including an estimated cost of $10 billion to the Highway Trust Fund and the view that it would not save a significant amount of money.
  
In addition, President Biden has urged states to suspend their gas taxes for the summer travel season or offer residents a gas tax rebate. Public reports indicate that suspending New Jersey’s 42-cent a gallon gas tax is unlikely.
  
Contact: Paul Penna, Senior Legislative Analyst, ppenna@njlm.org, 609-695-3481, x110.

Facebook Twitter Email

Other News in Federal Government

Blog Post: Available Federal Grants

Posted on: September 27, 2022

LIHWAP Application Process Open

Posted on: September 2, 2022

President Signs CHIPS and Science Act

Posted on: August 12, 2022

Inflation Reduction Act Activity

Posted on: August 12, 2022

Ground Broken on Portal North Bridge

Posted on: August 8, 2022

Second Tranche of ARP SLRF Expected

Posted on: June 13, 2022

ARP & BIL Presentation

Posted on: May 13, 2022

Scam Targeting ARPA SLFRF NEUs

Posted on: April 13, 2022

Federal Budget Update

Posted on: March 14, 2022

NTIA Host Pre-Funding Webinar Series

Posted on: March 14, 2022

Federal Budget Update

Posted on: February 24, 2022

Federal Debt Ceiling Resolution

Posted on: December 14, 2021

Oct; 1: Federal Budget Update

Posted on: October 1, 2021