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Trump Urges Federal Gas Tax Holiday to Ease Pump Prices

Any pause requires congressional approval, offering only modest, delayed relief.

Overview

  • Trump, who said Monday he wants to pause or reduce the federal gas tax, is targeting the 18.4 cents per gallon levy as drivers face a price spike linked to the Iran war.
  • Following those remarks, Sen. Josh Hawley introduced a 90‑day suspension bill and Rep. Anna Paulina Luna said she would file a House version, though passage remains uncertain as leaders question its merits and fiscal costs.
  • Because the tax is collected upstream, analysts expect only partial savings at the pump, with Penn Wharton modeling about 72% pass‑through or roughly 13 cents of the 18.4‑cent tax reaching consumers after a lag.
  • The Highway Trust Fund would lose billions without offsets, with the Committee for a Responsible Federal Budget estimating about $3.5 billion for one month or $21 billion for a six‑month pause.
  • AAA puts the national average near $4.50 a gallon, about 50% higher since late February as Iran’s threats around the Strait of Hormuz disrupted oil flows, and experts say lasting relief depends on supply improving rather than tax changes.