Gas Tax Repeal a 'no-go' for Senate | AccountingWEB

Gas Tax Repeal a 'no-go' for Senate

Just when accounting gurus were convinced that Congress would repeal the gas tax, ensuring that prices would fall in accordance, the Washington Post today confirmed that the Senate is reluctant to take this drastic measure.

The Senate did, however, agree to explore oil exploration in Alaska's Arctic National Wildlife Refuge in an attempt to find more sources for the future.

Still, experts agree that any repeal of the tax, along with the possibility of the drilling initiative, probably won't pass muster in the House and certainly not with the president--if it even gets that far.

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