Trump Proposes Gas Tax Suspension of 18.4 Cents Per Gallon

Published on · Source: cnbc.com

Trump Proposes Gas Tax Suspension of 18.4 Cents Per Gallon

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Summarized by AI from the source below

President Donald Trump has proposed suspending the federal gas tax of 18.4 cents per gallon, which requires congressional approval to enact. Several Republican lawmakers, including Sen. Josh Hawley, have advanced proposals to do just that, aiming for a 90-day suspension. Experts suggest this move may offer only modest relief at the pump and potentially deplete federal funds for highway maintenance. Currently, gas and diesel fuel taxes combined total 18.4 cents and 24.4 cents per gallon, respectively, with state taxes varying widely across the U.S.

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