WASHINGTON — House Speaker Nancy Pelosi on Thursday appeared to shoot down the idea of a gas tax holiday, dismissing the idea as “very showbiz” and arguing it would not have a practical effect on consumers.
She said such a holiday has appeal because it is “immediate,” but added, “the con is that the oil companies do not necessarily pass that on to the consumer … you cannot write a law that requires them to pass it on.”
Were Congress to pass a gas tax holiday, she said, taxpayers would ultimately have to pay for the shortfall in the Highway Trust Fund, which pays for highways and transit.
