President Donald Trump said Monday he will suspend the 18-cent federal gasoline tax to offset soaring US fuel prices that have climbed to $4.52 per gallon since February's US-Israel strikes on Iran. While Trump lacks direct authority to suspend federal taxes, Republican Senator Josh Hawley said he would introduce legislation to implement the suspension.
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President Donald Trump said Monday he will suspend the 18-cent federal gasoline tax to offset soaring US fuel prices that have climbed to $4.52 per gallon since February's US-Israel strikes on Iran. While Trump lacks direct authority to suspend federal taxes, Republican Senator Josh Hawley said he would introduce legislation to implement the suspension.