President Donald Trump says he is weighing or supports temporarily suspending the federal gasoline tax as fuel prices rise amid the war with Iran. Multiple outlets report that Trump links the proposed relief to increased oil and fuel costs that began after the war escalates in late February. The federal gasoline tax at issue is described as 18 cents per gallon. Several reports say that any suspension would require action by Congress, not just a unilateral decision. Coverage also reflects disagreement over how much impact a tax pause would have on pump prices. Some outlets question whether suspending the tax would provide meaningful savings relative to the broader price increases driven by global supply pressures, while other reporting emphasizes the goal of lowering costs for drivers. Lawmakers are described as debating the proposal on Capitol Hill. At least one report ties Trump’s push to planned legislation introduced by Sen. Josh Hawley, and another notes that lawmakers are weighing the proposal while gas prices have reportedly risen to around the mid-$4 range per gallon in recent figures cited by outlets.
Trump weighs pausing the federal gas tax amid higher prices tied to war with Iran
President Donald Trump says he is weighing or supports temporarily suspending the federal gasoline tax as fuel prices rise amid the war with Iran. Multiple outlets report that Trump links the proposed...
- President Trump says he is weighing or supports temporarily suspending the federal gasoline tax to lower prices.
- The proposal centers on the 18-cents-per-gallon federal gas tax.
- Outlets report the higher pump prices are tied to the war with Iran and resulting oil supply pressures.
- Any pause would require approval or action by Congress.
- Lawmakers debate whether the tax suspension would meaningfully reduce drivers’ costs.
The Trump administration is working with Congress to suspend federal excise taxes on gasoline and diesel as the war in Iran drives up oil and fuel costs.
4 months agoPresident Donald Trump is asking Congress to suspend the federal gas tax until the Iran war is over.
4 months agoPresident Donald Trump is calling for a suspension of the federal tax on gasoline as fuel prices soar because of the war with Iran.
4 months agoPausing the 18-cents-per-gallon federal gas tax will barely make a dent in the surge in costs since the war in Iran began.
4 months agoPausing the 18-cents-per-gallon federal gas tax will barely make a dent in the surge in costs since the war in Iran began.
4 months agoCapitol Hill lawmakers clash over Trump's proposed federal gas tax suspension as gas prices hit $4.51 a gallon amid escalating tensions with Iran.
4 months agoPresident Donald Trump wants to suspend the federal gas tax to ease financial strain from high fuel prices during the war with Iran
4 months agoPresident Trump told CBS News' Nancy Cordes that he is weighing pausing the federal gas tax, but the temporary relief may not be enough for Americans affected by higher pump prices amid the Iran war.
5 months agoPresident Trump told CBS News exclusively on Monday that he wants to suspend the federal gas tax to give Americans some relief at the pump as the war with Iran continues. CBS News senior White House and political correspondent Ed O'Keefe has more.
5 months agoPresident Trump and some congressional Republicans are suggesting a potential suspension of the gas tax amid rising fuel costs due to the war with Iran.
5 months agoPresident Trump told CBS News' Nancy Cordes that he wants to temporarily lift the federal gas tax as prices continue to rise amid the ongoing war with Iran. Mr. Trump also said the latest response from Iran to end the war was "a bad proposal ... done by people that have no clue as to the danger they're in."
5 months agoPresident Trump told CBS News on Monday that he wants to suspend the federal fuel tax as the war with Iran continues to send gas prices skyrocketing. CBS News business contributor Javier David joins with analysis.
5 months agoAny pause on the federal gas tax would require approval from Congress. Oil and gas prices have soared since the war with Iran began in late February. The post Trump says he supports temporary suspension of federal gas tax appeared first on MS NOW.
5 months agoThe president floats suspending the federal levy as the conflict drags on.
5 months agoNational average for gas prices has risen by well over a dollar per gallon since late FebruarySign up for the Breaking News US newsletter emailDonald Trump pledged to suspend the US federal gas tax in a bid to reduce pressure on Americans after the US-Israel war on Iran sparked a sharp rise in fuel prices.The US president told reporters on Monday that his administration would look to pause the tax “till it’s appropriate”, as drivers count the cost of the surge in oil prices in the two months since US and Israel forces attacked Iran. Continue reading...
5 months agoCongress would have to approve the proposal, and passing the savings on to drivers, rather than oil companies, would be difficult to enforce.
5 months agoTrump voiced support for suspending the federal gas tax as prices surge during the war with Iran, backing planned legislation from Sen. Josh Hawley.
5 months agoPrices have climbed as the war with Iran squeezed the global oil supply.
5 months agoSuspending the federal gas tax would require an act of Congress.
5 months agoPresident Donald Trump confirmed reports he aims to pause the federal gas tax as prices remain elevated during the war with Iran.
5 months agoPresident Trump said on Monday that he would like to temporarily suspend the federal gas tax as prices soar due to the war in Iran.
5 months agoPresident Trump said Monday he would like to suspend the federal gas tax to alleviate costs during the war with Iran.
5 months agoAverage gas prices have soared by more than 50% since the start of the Iran war.
5 months agoPresident Donald Trump voiced support for a gasoline tax holiday to counter rising prices at the pump, as the cost of oil soars while the war with Iran drags on.
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