H.R. 9009, known as the "Gas Prices Relief Act of 2024," proposes a temporary suspension of the gasoline tax. The bill sets the gasoline tax rate to zero from its enactment until January 1, 2025, and ensures that related trust fund accounts are compensated for the tax suspension through...
Simple Explanation
In this bill, the government wants to stop charging the tax on gasoline for a little while, so people can save money when they buy fuel to drive their cars. They also want to make sure the money usually collected from this tax is replaced from a different pot of money so nothing is missing.