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Trump says he is weighing suspension of federal gas tax
The Guardian • • nation
Key Points:
- President Donald Trump indicated his administration is considering suspending the federal gasoline tax in response to voter frustration over high fuel prices ahead of the midterm elections.
- Any suspension of the federal gasoline tax, which is currently 18.4 cents per gallon, would require Congressional approval, as the president cannot enact this change alone.
- Gasoline prices remain elevated, with the national average at $4.37 per gallon, over a dollar higher than a year ago, partly due to the ongoing conflict in Iran.
- The federal gasoline tax generates over $23 billion annually for highways and public transit, and suspending it would reduce gas prices by about 4%.
- Trump expressed optimism about Republican prospects in the midterms, attributing potential gains to his campaign rallies and suggesting fuel prices will decline once the Iran conflict ends.
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