Trump’s Gas Tax Cut Plan: Savings at the Pump vs. Crumbling Infrastructure
As national gas prices approach $4.50 per gallon, a federal gas tax suspension is under consideration by President Trump and his cabinet. While such a move, requiring Congressional approval, could offer relief, an NBC News analysis indicates that even with all state and federal taxes removed, gas prices would still be significantly higher than at the start of the Iran war. Currently, an average of 51 cents in taxes and fees is added to each gallon, with 18 cents going to the federal government.
John Q. Hosedrinker