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 and make permanent the Federal excise tax on gasoline (except gasohol). Earmarks the increase as follows: (1) to the Highway Trust Fund (HTF) for transfer to the Mass Transit Account; and (2) to fund deficit reduction. Suspends this deficit reduction rate in any year following a fiscal year when the Federal Government had no deficit.…