Trump says he’ll move to suspend federal gasoline tax. He can’t do it on his own
President Donald Trump announced he intends to suspend the federal gasoline tax to alleviate rising fuel costs attributed to the Iran war. However, the President lacks the unilateral authority to implement this suspension; Congress must approve such a measure.
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AI-generatedPresident Donald Trump announced he intends to suspend the federal gasoline tax to alleviate rising fuel costs attributed to the Iran war. However, the President lacks the unilateral authority to implement this suspension; Congress must approve such a measure. Lawmakers from both parties have previously supported a gas tax holiday, citing the need for relief for consumers and businesses. The federal tax, currently 18.4 cents per gallon for gasoline, generates over $23 billion annually for highway and transit programs. Trump's announcement comes as average national gas prices have reached $4.52 per gallon, a significant increase since the conflict began.
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5 extractedRepublican Sen. Josh Hawley will introduce legislation to suspend the gas tax.
The federal tax on gasoline is 18.4 cents per gallon and supports federal highway and public transit programs.
The average national gas price was $4.52 a gallon as of Monday.
The president cannot suspend the federal tax on his own; Congress would have to approve the move.
President Donald Trump said he will move to suspend the federal tax on gasoline.