Trump Champions Gas Tax Suspension to Relieve Americans Burdened by Biden’s Fuel Crisis
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President Donald Trump announced his administration is considering suspending the federal gasoline tax, a move that would require congressional approval, as hardworking Americans continue to suffer from soaring fuel prices ahead of the midterm elections.
President Donald Trump told reporters on Tuesday that his administration is 'thinking about' suspending the federal gasoline tax, a bold suggestion that would need to be enacted by Congress. The federal excise tax of 18.4 cents per gallon for gasoline and 24.4 cents for diesel currently takes over $23 billion annually from American drivers, money that could be left in the pockets of hardworking families instead of being funneled into bloated government projects.
Trump first raised this common-sense idea in May as fuel costs soared due to the conflict in Iran and failed energy policies. Now, with the national average price for regular gasoline at $4.37 per gallon—about a dollar higher than last year, according to the American Automobile Association—Americans are desperate for relief. Analysts estimate that eliminating the tax would lower the price of a gallon of regular gasoline by about 4 percent, a meaningful step for families crushed by inflation.
Asked about the upcoming midterm elections, Trump expressed confidence that Republican candidates would perform well, crediting recent rallies for energizing voters who are fed up with Democrat mismanagement. He also noted that oil prices would likely fall once the war ends, though he did not specify a timeline for the conflict’s resolution or congressional action on the tax proposal.