President Donald Trump is moving to suspend the federal tax on gasoline to help Americans shoulder surging fuel prices caused by the Iran war.
A gas tax holiday would provide some small relief for drivers, but it wouldn't solve the biggest reasons prices at the pump are soaring.
Trump would need Congress to approve the plan, but lawmakers have introduced bills to suspend the tax amid soaring gas prices.
Suspending a federal tax requires an act of Congress, and there may be procedural delays before it can be achieved.
President Donald Trump once said he would push for suspending the gas tax. But at the May 27 Cabinet meeting, it seemed to be ...
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Trump wants to suspend federal gasoline taxPresident Donald Trump said Monday he will move to suspend the federal tax on gasoline to help Americans shoulder surging fuel prices caused by the Iran War. The president cannot suspend the federal ...
Sen. Josh Hawley, R-Mo., is introducing a bill to temporarily pause the federal gas tax, his office told Fox News on Monday.
President Donald Trump floated a federal gas tax suspension. If enacted, here's how that could impact consumers.
President Donald Trump said May 11 that he wants to suspend the federal gas tax, which requires approval from Congress. Suspending the tax could threaten highway projects and cause a run on gas at a ...
Citing support from President Trump, Sen. Josh Hawley (R-Mo.) says he will introduce legislation to suspend the federal gas tax, which would save drivers 18.4 cents per gallon. Suspending the gas ...
Currently, the average gas price in the U.S. is $4.50 a gallon, while diesel averages $5.64. That's not quite as expensive as fuel got in the U.S. when Russia first invaded Ukraine back in 2022, but ...
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