President Donald Trump is moving to suspend the federal tax on gasoline to help Americans shoulder surging fuel prices caused by the Iran war.
President Trump made the comments in a phone interview with CBS News chief White House correspondent Nancy Cordes.
Trump would need Congress to approve the plan, but lawmakers have introduced bills to suspend the tax amid soaring gas prices.
President Donald Trump once said he would push for suspending the gas tax. But at the May 27 Cabinet meeting, it seemed to be far from top of mind.
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.
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 ...
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 ...
Gas prices have surged as a result of the war in Iran, putting pressure on consumers.
Suspending the federal gas tax would have a modest impact on fuel prices, while also requiring congressional approval.
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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Trump says he’ll suspend federal gas tax to help address high fuel prices due to Iran warU.S. President Donald Trump says he will suspend the federal tax on gas to help Americans shoulder higher fuel prices caused by the Iran war. Iran’s chokehold over the Strait of Hormuz has caused ...
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