politics
How much would suspending the federal gas tax save drivers?
Key takeaways
- I think it s a great idea, Trump said during a call to CBS News.
- Gas prices have remained high since the closure of the Strait of Hormuz amid military action in Iran earlier this year.
- Trump administration officials are now championing a suspension of the federal gas tax to help ease costs.
Why this matters: political developments that affect policy direction and public trust.
I think it s a great idea, Trump said during a call to CBS News. Yup, we re going to take off the gas tax for a period of time, and when gas goes down, we ll let it phase back in.
Gas prices have remained high since the closure of the Strait of Hormuz amid military action in Iran earlier this year. The president has, at times, claimed to be making progress toward resolving the conflict, but the ongoing blockage of the strait has led to higher crude oil prices and, therefore, rising prices at U.S. gas pumps.
Trump administration officials are now championing a suspension of the federal gas tax to help ease costs.
Article preview — originally published by The Hill. Full story at the source.
Read full story on The Hill →
More top stories
Also covered by
Aggregated and edited by the Scoop newsroom. We surface news from The Hill alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop