Trump supports federal gas tax cut as fuel prices climb
President Donald Trump supports suspending the 18.4-cent federal gasoline tax as U.S. pump prices reach $4.52 per gallon amid the ongoing Iran war. Senator Josh Hawley plans to introduce legislation for a 90-day tax holiday, though Senate leadership remains noncommittal about the impact on road funding.
Xurve View
洞察:
Xurve View
President Donald Trump announced support on Monday for suspending the 18.4-cent federal gasoline tax to lower costs for United States motorists. Fuel prices reached a $4.52 per gallon average on Monday, the highest since 2022, driven by the war that began on February 28 and the closure of the Strait of Hormuz. The move aims to mitigate inflationary pressure on consumers ahead of the November midterm elections.
