Gasoline tax holidays are gaining steam across North America as prices at the pump linger near four-year highs — but Republicans in Congress are showing little interest in temporarily suspending the federal gas tax.
Prices surged after the United States and Israel launched strikes on Iran, pushing up inflation and raising concerns the higher costs could turn into an economic drag as the peak summer driving season approaches.
That’s prompted some states like Georgia and Indiana to offer tax holidays, while Canada’s pause on collecting its 10-cent tax on gasoline and 4-cent tax on diesel starts Monday and runs through Sept. 7.
Several Democrats have called for pausing the gas tax, a move that would potentially save Americans up to 18 cents at the pump per gallon, but key Republicans up on Capitol Hill have shrugged off the idea so far.
