Gas tax pause eyed by Trump administration as Iran tensions escalate

1 min read
Source: Axios
Gas tax pause eyed by Trump administration as Iran tensions escalate
Photo: Axios
TL;DR

Energy Secretary Chris Wright said the Trump administration is open to suspending the 18.3-cent federal gasoline tax to ease elevated pump prices tied to Middle East tensions; any move would require Congress and involve tradeoffs, with estimates suggesting a suspension could shave 10–16 cents per gallon, while other relief measures have limited impact on a supply shock from Iran-related disruption.

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