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Trump wants gas tax relief. But slim driver savings could strain a key federal fund

CNBC · May 12, 2026, 7:38 PM

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  • Suspending the federal gas tax could bring down prices at the pump.
  • On Monday, President Donald Trump said in Oval Office remarks that he would "reduce" the tax, after saying in an interview with CBS News that he wants to pause it "for a period of time."

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Suspending the federal gas tax could bring down prices at the pump. But the move may not provide consumers with meaningful relief, experts say, and it could deplete a key federal fund for highway construction and maintenance.

On Monday, President Donald Trump said in Oval Office remarks that he would "reduce" the tax, after saying in an interview with CBS News that he wants to pause it "for a period of time."

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