Trump Says His Administration Is Thinking About Suspending Federal Gas Tax
- President Donald Trump said his administration is considering temporarily suspending the federal gasoline tax to reduce high fuel costs.
- The federal tax is 18.4 cents per gallon for gasoline and 24.4 cents per gallon for diesel, with revenue supporting highway and transit programs.
- Congress would need to approve any suspension because the president cannot eliminate the statutory tax alone.
- Trump signed an order expanding access to tax-exempt red-dyed diesel.
13 Articles
13 Articles
Trump says he is thinking about suspending federal gas tax - Regional Media News
By Nandita Bose and Kanishka Singh WASHINGTON, Oct 6 (Reuters) - President Donald Trump said on Tuesday he was thinking about suspending the federal gas tax as high gas and diesel prices pose a risk to his Republican Party heading into the November midterm US [...]
"Well, we're considering that," Trump said.
Trump Considers Suspending Federal Gas Tax as Fuel Costs Pressure Consumers
President Donald Trump said his administration is considering temporarily suspending the federal gasoline tax as elevated fuel prices squeeze consumers, following his decision to broaden ... The post Trump Considers Suspending Federal Gas Tax as Fuel Costs Pressure Consumers first appeared on [your]NEWS.
Trump says he’s considering suspending federal gas tax as states lead effort to lower costs
President Trump said Tuesday that he's considering suspending the federal gas tax to lower costs — after four states already did so ahead of the midterm elections.
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