Trump calls to pause federal gas tax in bid to ease prices at the pump
President Donald Trump said he intends to suspend the federal gas tax as part of a move to curb high prices at the pump.
TL;DR
- President Trump intends to suspend the federal gas tax to lower prices.
- The suspension would be temporary, lasting until gas prices fall.
- This measure would require an act of Congress.
- The federal gas tax is 18.4 cents per gallon for gas and 24.4 cents for diesel.
- The federal gas tax generates approximately $36 billion annually, funding highways and public transit.
- Senator Josh Hawley plans to introduce a bill to suspend the gas tax.
- Democrats previously proposed a similar bill in March.