Trump Proposes Gas Tax Suspension of 18.4 Cents Per Gallon
Published on Β· Source: cnbc.com
AI Summary
Summarized by AI from the source belowPresident 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.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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