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Trump proposes pausing the federal gas tax

financeMay 11, 2026361,062

President Trump said he will ask Congress to suspend the 18.4-cent federal gasoline excise tax until pump prices fall. He proposed the pause as U.S. gas prices hit a four-year high after the Iran conflict pushed the national average up by well over $1 per gallon since late February. Congress would have to approve the measure, and passing the tax cut through to drivers instead of oil companies would be difficult to enforce. If fully passed through, the pause would shave 18.4 cents per gallon off prices, yielding modest per-fill savings while reducing federal revenue and complicating implementation.

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