Trump proposes temporary suspension of federal gas tax
TL;DR Summary
President Trump told CBS News he plans to suspend the federal gas tax for a period of time, a move that would require congressional action and would cost about $0.5 billion per week; Democrats have introduced bills to pause or lower the tax as gas prices rise amid Iran-related supply concerns, with revenue from the tax funding the Highway Trust Fund for roads and transit.
- Trump says he aims to suspend gas tax "for a period of time" CBS News
- Trump Floats Temporary Gas Tax Suspension as Pump Prices Soar Bloomberg.com
- Trump’s Energy Secretary: “I Can’t Predict the Price of Energy” Mother Jones
- Chris Wright: ‘I don't know the future of gas prices' Politico
- Trump Administration Is Considering Pausing the Federal Gas Tax to Lower Prices, Energy Secretary Says The New York Times
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