Donald Trump Considers Suspending Federal Gas Tax

President Donald Trump announced Tuesday that his administration is considering the suspension of the federal gas tax to combat soaring gasoline and diesel prices. The proposal comes as high fuel costs, driven by the Russian invasion of Ukraine and the US-Israeli war on Iran, threaten the Republican Party's narrow majority in the House and Senate before the November midterm elections.

While Trump recently signed an executive order in Nebraska expanding access to tax-exempt diesel, waiving the 18.4-cent federal gasoline tax would require legislation from Congress. The move follows a Reuters/Ipsos poll showing Trump's approval rating at a record low of 32%, with voters identifying the high cost of living as a primary concern.