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Before Jan 1, 2027
- Kalshi
Before Jan 1, 2027 - Kalshi
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Vol.
·
Resolves Jan 1, 2027
Latest in Politics
Will legislation that would temporarily suspend or reduce the federal excise tax on gasoline become law before Jan 1, 2027?
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Description
This event tracks whether Congress will pass and the President will sign legislation that temporarily suspends or reduces the federal excise tax on gasoline. Such legislation would lower the per-gallon tax that funds federal highway infrastructure, potentially providing temporary relief at the pump for consumers.
Kalshi
The event resolves Yes if legislation temporarily suspending or reducing the federal excise tax on gasoline becomes law at any point before January 1, 2027. For passage requirements, bills must clear the full chamber (not merely committee) in both the House and Senate. To become law, legislation must be signed by the President or pass through veto override; presidential pocket vetoes that expire resolve to No. Joint resolutions are treated equivalently to bills. The market resolves based on the first occurrence of the specified milestone, meaning once qualifying legislation becomes law, the event resolves Yes regardless of any subsequent legislative action.
