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Trump Proposes Suspending Federal Gas Tax Until Prices Fall
Congress would have to agree to any suspension, and dropping federal taxes would not make up for the steep increase in prices since the war began.
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Suspending the federal gas tax would have a modest impact on fuel prices, while also requiring congressional approval.
Congress would have to agree to any suspension, and dropping federal taxes would not make up for the steep increase in prices since the war began.
Here's how much a federal gas tax holiday could save drivers at the pump.
A federal gasoline tax holiday as proposed by President Donald Trump would result in billions of dollars in lost tax revenue each month, independent budget analysts say.