To amend the Internal Revenue Code of 1986 to increase the gasoline tax for purposes of providing additional revenues for the Mass Transit Account in the Highway Trust Fund and for purposes of reducing the deficit.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase the Federal excise tax on gasoline (except gasohol) from 9.1 cents to 19.1 cents per gallon. Earmarks the increase as follows: (1) three cents to the Highway Trust Fund (HTF) for transfer to the Mass Transit Account (thereby increasing the total HTF financing rate to 12 cents per gallon); and (2) seven cents to fund deficit reduction. Suspends this deficit reduction rate in any year following a fiscal year when the Federal Government had no deficit.…