The Gas-Tax Reckoning

Gas prices have risen from under $3 to nearly $4.50 since February, prompting Congress to consider suspending the federal gas tax for the first time. Proposals from Democrats Mark Kelly and Richard Blumenthal, Republican Josh Hawley, and others face opposition, highlighting the gas tax's declining relevance despite its role in funding infrastructure. Experts argue pausing the tax would worsen infrastructure funding crises without significantly lowering prices.