politics
Trump calls to pause federal gas tax in bid to ease prices at the pump
President Donald Trump said he intends to suspend the federal gas tax as part of a move to curb high prices at the pump.
TL;DR
- President Trump intends to suspend the federal gas tax to lower prices.
- The suspension would be temporary, lasting until gas prices fall.
- This measure would require an act of Congress.
- The federal gas tax is 18.4 cents per gallon for gas and 24.4 cents for diesel.
- The federal gas tax generates approximately $36 billion annually, funding highways and public transit.
- Senator Josh Hawley plans to introduce a bill to suspend the gas tax.
- Democrats previously proposed a similar bill in March.