US lawmakers push to suspend federal gas tax as fuel prices rise

As gas prices approach $4 a gallon nationally amid the conflict in Iran, some lawmakers are pushing to suspend the federal gasoline tax. Lawmakers say the action would provide much-needed relief for families and businesses that rely on their cars and trucks to get around. President Donald Trump said he has “thought about” suspending it, but suggested that states should consider suspending their fuel taxes. Following is a look at what a gas tax holiday is and how it would work for consumers and American roads and highways.

AP News
@AssociatedPress @u-s-news-AssociatedPress Oh great! That's about the last thing we need. Our interstate highways are crumbling, so let's turn off the only source of federal highway funds for awhile. I say only do it if the lost funds are replaced by a windfall profits tax on oil companies that are benefited from these high prices. #windfalltax #oilprices