Mr. Adams, for himself, Mr. Garwood, and Mr. Dollins, submits;

A BILL

Where as the office of the Secretary of Energy and the Department of Commerce and the American Automobile Association state that the price of an average gallon of gasoline in this nation tops $ 1.90 as of 6/30/04

Noting that the amount of Federal Tax per gallon is $ .184 as of 10/1/1997,

Nothing that this disproportional hurts the poor and people who depend on private transportation,

This bill will allow for the temporary reduction of the Federal Gasoline Tax over the next five years.

1] That, immediately upon enactment of this legislation, the US Federal Gasoline tax will be changed on all gasoline products (including diesel, gasohol, and ethanol) as follows:
$0.124 as of 1/1/2005;
$0.094 as of 7/1/2005;
$0.074 as of 1/1/2006;
$0.064 as of 7/1/2006;
$0.054 as of 1/1/2007; and
$0.044 as of 7/1/2007.

2] That, prior to January 1, 2008, Congress shall reconsider whether to make the current rate permanent, to procede on the following adjustments to the gas tax rate, or to make other changes deemed necessary:
$0.074 as of 1/1/2008;
$0.104 as of 7/1/2008;
$0.144 as of 1/1/2009; and
$0.184 as of 7/1/2009.

3] That, prior to each adjustment, the Treasury Department should report back to the Congress on the impact the tax has had on the gasoline price, the current and project change in revenue from the tax, and other matters related thereto. The Congress must use this data in making the decision set out in Section 2 of this Act.

4] This law shall be in effect for a period of 5 years from the date of passage.

Aye

AYE

nay

Nay.

aye

Nay

Nay.

And the Chair votes Nay.

HR 1.419 Temporary Gas Tax Phase Out Act fails with a vote of 5-3.