A bill to amend the Internal Revenue Code of 1986 to reduce the Federal deficit by increasing the tax on gasoline and other motor fuels.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to impose an additional excise tax on gasoline, diesel fuel, and special motor fuels. Sets the rate of such tax at 25 cents per gallon. Provides that such tax shall be in addition to the excise tax currently imposed on gasoline, diesel fuel, and special motor fuels. Specifies that revenues raised by such additional taxes shall not be transferred to the Highway Trust Fund or the Airport and Airway Trust Fund. Provides that specified exemptions to such excise taxes shall not apply to the additional taxes imposed by this Act.…