Trump intends to suspend federal gas tax amid price surge: CNN
The proposal, however, would still require congressional approval before it could take effect. Congress has never agreed to suspend the federal fuel tax despite similar calls during previous periods of sharply rising prices, the report said. In 2022, a Democratic-controlled Congr..
✨ Key Highlights
U.S. President Donald Trump has announced his intention to suspend the federal gas tax as fuel prices surge.
- Gasoline prices have risen to a nationwide average of $4.52 per gallon.
- The proposal requires congressional approval, which has been historically difficult to obtain for such measures.
- Suspending the tax, which is 18.4 cents per gallon, could significantly impact the Highway Trust Fund.
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