Trump says he supports suspending US gas tax after prices remain high
- Posted on May 12, 2026
- By Business News Today
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- 1 min read
Trump says he supports suspending US gas tax after prices remain high
President Trump supports suspending the federal gasoline tax amid surging prices driven by the Iran war, a move requiring congressional approval. Senator Hawley is introducing legislation for a 90-day suspension of both gas and diesel taxes. While some Democrats previously proposed a similar waiver, Senate leadership remains noncommittal, emphasizing reopening the Strait of Hormuz as a solution.
