Trump says he aims to suspend gas tax "for a period of time"
This discussion thread was locked as off-topic by Emile (a host of the Latest Breaking News forum).
Source: CBS
Washington -- President Trump said in a phone interview with CBS News Monday morning that he aims to suspend the federal gas tax "for a period of time."
"I think it's a great idea," the president said. "Yup, we're going to take off the gas tax for a period of time, and when gas goes down, we'll let it phase back in."
Gas prices have soared over 50% since the start of the Iran war on Feb. 28, hitting a high of over $4.52 on Sunday, according to AAA. Analysts say the prices are likely to remain high with Iran blocking access to the Strait of Hormuz.
But suspending the excise taxes -- 18.4 cents per gallon on gas and 24.4 cents a gallon on diesel -- requires an act of Congress, and pausing it would cost the federal government about a half billion dollars a week.
Read more: https://www.cbsnews.com/news/trump-interview-suspending-gas-tax-iran-war/
Story also contains several odds and ends of other Trumpish pronouncement -- The excerpted bit is the breaking news.
Ritabert
(2,615 posts)Moostache
(11,297 posts)Iranian war of Israeli Choice = $1-2B per day
Suspended gas tax revenue loss = $0.50 B per week
You know, pretty soon a billion here, a billion there and we're adding an extra $15B a week to the national debt - which is SOOOOOOOOOOOOOOOOO CRITCIAL as soon as a democratic administration starts trying to unfuck this country...
Ray Bruns
(6,776 posts)has anyone told stinky he can't do that. only congress can.
OhioBack2Blue
(205 posts)....So OHIO republicon voters: BLAME MIKE. BLAME REPUBLICONS.
https://ohiocapitaljournal.com/2026/05/05/ohio-gov-mike-dewine-shuts-down-proposal-to-suspend-state-gas-tax/
As of May 2026, Ohios motor fuel tax is 38.5 cents per gallon for gasoline and 47 cents per gallon for diesel, ranking it among the higher state gas taxes (10th highest) in the U.S..
Dear voters, you can also blame REPUBLICONS for your high property taxes because they have been running Ohio for decades and could easily increase the owner-occupied credit to reduce our burden, but they don't.
walkingman
(11,163 posts)millions of taxpayer dollars. I know it pisses me off to pay my taxes just so these corrupt bastards can make someone else wealthy.
progree
(13,078 posts)Emile
(43,294 posts)This is a duplicate of the same news story reported earlier.
Dupe of https://www.democraticunderground.com/10143663573
Kick in to the DU tip jar?
This week we're running a special pop-up mini fund drive. From Monday through Friday we're going ad-free for all registered members, and we're asking you to kick in to the DU tip jar to support the site and keep us financially healthy.
As a bonus, making a contribution will allow you to leave kudos for another DU member, and at the end of the week we'll recognize the DUers who you think make this community great.