economy
Momentum grows for pausing gasoline tax after Trump’s backing
Republicans are exploring pausing the federal gas tax in an effort to provide voters relief as prices at the pump soar due to the war in Iran.
TL;DR
- Republicans are exploring pausing the federal gas tax.
- This initiative aims to provide voters with relief amid soaring gas prices caused by the war in Iran.
- Sen. Josh Hawley and Rep. Anna Paulina Luna will introduce legislation to suspend federal excise taxes on gas and diesel.
- Gas prices have reached a national average of $4.55 per gallon, the highest since 2022.
- President Donald Trump supports temporarily pausing the federal gas tax.
- A suspension of the gas tax would require an act of Congress.