Trump wants to suspend the federal gas tax as prices soar amid war with Iran
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Trump wants to suspend the federal gas tax as prices soar amid war with Iran
"Eight in ten Americans say gas prices are straining their budgets, including overwhelming majorities of Democrats, independents, and Republicans alike, according to the latest NPR/PBS News/Marist poll. In addition, 63 percent of Americans say they blame Trump "a great deal" or "a good amount" for those higher gas prices. That includes more than 6 in 10 independents and nearly one-third of Republicans."
Trump said he wants the federal gas tax temporarily suspended as the Iran war continues and oil prices remain elevated. He indicated the suspension would last “for a period of time” and would end “when gas goes down,” while later saying the duration would be “’Til it’s appropriate.” Suspending the tax would require an act of Congress. The current tax is 18.4 cents per gallon for gasoline and 24.4 cents per gallon for diesel. Gas prices rose from just under $3 per gallon before U.S. bombed Iran to an average of $4.52, according to AAA. Blockades during the war have slowed oil tanker passage through the Strait of Hormuz, where about one-fifth of the world’s crude oil typically travels. Polling indicates most Americans feel gas prices strain their budgets and many blame Trump for the increase.
Read at www.npr.org
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