"I've not in the past obviously been a fan of that idea. But you know I've got some colleagues out there who think it's a good idea and so we'll hear them out."
"Thune noted the revenue loss could hurt the Highway Trust Fund, and said "the best thing [that] can happen for gas prices is for the [Strait of Hormuz] to get opened up again.""
""[L]et's not pretend 18-cents of gas tax relief per gallon makes up for the damage Trump created with this war," Schumer said. "Eighteen cents isn't a dollar-fifty - which is how much the price of gas has gone up since the war started.""
""The best way to lower costs is to end this illegal war.""
Federal gasoline tax is 18.3 cents per gallon and diesel tax is 24.3 cents per gallon, plus an additional 0.1 cent fee for addressing leaking underground tanks. GOP lawmakers have signaled support for legislation to temporarily nix or waive the gas tax, but Senate leadership has been noncommittal and warned that revenue losses could harm the Highway Trust Fund. White House involvement remains uncertain. Several potential 2028 presidential contenders have floated temporary tax suspension. Democrats have criticized the relief as too small compared with wartime fuel price increases and argued that ending the war is the best way to lower costs. Budget impacts have also prevented prior waivers despite recurring price spikes.
Read at Axios
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