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.
President Trump made the comments in a phone interview with CBS News chief White House correspondent Nancy Cordes.
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.
Amid a global energy crisis, President Trump says he will suspend the federal gas tax, a move that would require an act of Congress, as more Americans are feeling the pain at the pump. NBC News’ Ryan Nobles reports.
President Trump's endorsement of suspending federal gas taxes pushes the idea higher on the political radar, but it still faces long odds.Why it matters: Some Republicans rushed to introduce bills, and a few Democrats have already endorsed the idea — but there are still serious obstacles that could keep Trump's comments from becoming reality.The federal…
Suspending the federal gas tax would require an act of Congress.
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Donald Trump is planning to suspend the federal gas tax 'for a period of time' as the Iran war sends prices skyrocketing ahead of the midterm elections.
Citing support from President Trump, Sen. Josh Hawley (R-Mo.) says he will introduce legislation to suspend the federal gas tax, which would save drivers 18.4 cents per gallon. Suspending the gas tax is quickly picking up more support among Republicans on Capitol Hill who are worried about a voter backlash over the rise in oil…