Lawmakers Mull Cutting The U.S. Gas Tax

Experts warn getting rid of the gas tax won’t necessarily make gas cheaper for consumers.

With record-breaking gas prices poised to soar even higher, some governors are ramping up calls on Washington to suspend the federal gas tax.

But experts warn getting rid of the gas tax won’t necessarily make gas cheaper for consumers.

"It's a little unclear because the gas tax is not paid at the pump, it's actually paid by the oil companies earlier and built into the price by the time it reaches the consumer," said Ulrik Boesen, a senior policy analyst at The Tax Foundation.