Gas Tax Holiday Calculator

John McCain and Hillary Clinton have suggested suspending Federal Taxes on all Gasoline/Diesel sold between Memorial Day (5/26) and Labor Day (9/1) this year.

According to this study by the American Road & Transportation Builders Association, this "Gas Tax Holiday" will lower tax revenue for infrastructure by roughly $9 billion and potentially cost 300,000 highway construction jobs. The highway trust fund that the gas tax finances provides money to states and local governments to pay for road and bridge construction, repair and maintenance.