Trump Considers Federal Gas Tax Cut to Lower Fuel Prices
President Trump backs a federal gas tax suspension as fuel prices average $4.50 per gallon. The move aims to provide relief as the Iran war impacts the economy.
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United States President Donald Trump proposed suspending the 18.4-cent federal gas tax as national fuel prices averaged more than $4.50 per gallon. Fuel costs have risen 50% since the war with Iran began, driving April inflation to 3.8%. High energy costs threaten consumer spending and Republican control of Congress in the upcoming November midterm elections.
