A candidate for Congress from Iowa’s First District is calling for a “federal gas-tax holiday” this summer. Bettendorf Republican Brian Kennedy says that would save every driver about 18-cents a gallon. “We have to do this,” Kennedy says, “because our nation’s economy is premised on an affordable tank of gasoline.” He says the skyrocketing prices we’re seeing right now demand Congress treat this as an emergency. He suggests we repeal the federal gas tax from June first through the end of September.
Kennedy says now’s the perfect time for Congress to change the law for four months to suspend the federal gas tax. He says everybody pulling up to the pump will save around 20-cents a gallon on gasoline. Kennedy says we can easily make up that revenue, for suspending a new tax cut scheduled to go into effect for big oil companies. He says they were scheduled to start benefiting from a new corporate income-tax this year and next year.
Kennedy has previously supported the authorization of five new oil refineries, expanded domestic drilling and production, increasing the renewable fuels standards and doubling the federal investment in the hydrogen fuel initiative. Kennedy faces Mike Whalen and Bill Dix in the June primary election.