Trump Vows to Pause Federal Gas Tax After Iran War Drives US Fuel Prices to Four-Year High
Donald Trump announced plans to suspend the federal gas tax to alleviate rising fuel costs, which surged over a dollar per gallon since late February following the US-Israel war on Iran. The move requires congressional approval, which may face procedural delays. The decision comes amid growing public frustration over the economic impact of the conflict.
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Suspending a federal tax requires an act of Congress, and there may be procedural delays before it can be achieved.
National average for gas prices has risen by well over a dollar per gallon since late February Sign up for the Breaking News US newsletter email Donald 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...
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.