Trump proposes gas tax holiday, but savings may be limited

CBS News Top ·

Trump proposes gas tax holiday, but savings may be limited

A move by the Trump administration to suspend the federal gasoline tax would offer only modest relief to U.S. drivers socked by soaring fuel costs, according to tax and energy experts. …

A move by the Trump administration to suspend the federal gasoline tax would offer only modest relief to U.S. drivers socked by soaring fuel costs, according to tax and energy experts. Americans face the highest prices at the pump since 2022, with a gallon of gas surging roughly $1.54 since the U.S. and Israel attacked Iran in late February. On Monday, drivers nationwide paid an average of $4.52 a gallon, according to AAA. …

Original source: CBS News Top

Mentioned

Indiana · Georgia · Congress · Iran war · CBS News · Americans · California · White House