Trump floats suspending the federal gas tax amid rising prices
The proposal would save drivers about 18 cents a gallon, but analysts say it could cut federal highway revenue by billions.
- On Monday, President Donald Trump backed a temporary federal gas tax suspension, prompting Senator Josh Hawley and Representative Anna Paulina Luna to introduce legislation in Congress.
- Gas prices spiked to over $4.52 as the conflict with Iran continues, driven by blockades at the Strait of Hormuz that have stalled oil tankers globally.
- Hawley's "Gas Tax Suspension Act" would pause the 18.4-cent gas and 24.4-cent diesel taxes for 90 days, while Senator Mark Kelly proposed similar legislation lasting until Oct. 1.
- The Bipartisan Policy Center warns of "hidden costs" increasing the federal deficit by about $12 billion, while consumers would see savings of only about 10 to 16 cents per gallon.
- GOP lawmakers remain divided on the federal plan, and while several states have implemented local gas tax pauses, experts warn a suspension could induce higher demand at the pump.
452 Articles
452 Articles
President Donald Trump floats gas tax holiday Tennessee Republicans once called a 'gimmick'
As gas prices climb to what AAA reports as a national average of $4.50 per gallon, President Donald Trump could consider temporarily cutting the 18-cent-per-gallon federal gas tax passed down to drivers at the pump to provide some relief. It's a proposal Tennessee Republicans previously called a "gimmick" and "political play during a midterm election year."
Trump Considers Removing Federal Gas Tax Amid War
United States President Donald Trump, along with other lawmakers, has suggested that the ruling class suspend federal gasoline and diesel taxes in order to lower the cost of fuel at the pump. Americans have been struggling with the high cost of fuel, which has skyrocketed during the war with Iran. Trump will need the approval of Congress to remove this tax; however, doing so would give people at least a mild relief. As of Monday, the average nat…
Trump’s gas tax holiday proposal has uphill climb in Congress
President Trump’s idea to pause the federal gas tax as the Iran war drives up fuel prices faces an uphill climb in Congress. While rank-and-file GOP lawmakers are eager to get Trump’s backing on any plan to address cost-of-living concerns in a midterm election year, top Republicans are hesitant to endorse the gas tax idea.…
Trump considers suspending federal gas tax as prices remain over $4 in NC
RALEIGH, N.C. (WNCN) — The national average for a gallon of regular gas is now $4.50, according to AAA. As the war in Iran continues to cause stubbornly high prices, the Trump administration is considering suspending the federal gas tax to bring savings at the pump. "I'm all for it," Raleigh resident Kim Blasing said. [...]
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