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Brief May 11, 2026 · 4:34 pm ET Source: CBS News Politics

Trump Proposes Federal Gas Tax Suspension Requiring Congressional Approval

President Trump said he plans to temporarily suspend the federal gasoline tax to ease pump prices that have averaged $4.52 per gallon nationally, according to CBS News. The 18.4-cents-per-gallon federal levy would save drivers roughly $2 per fill-up, said Andrew Lautz of the Bipartisan Policy Center — a fraction of the $18–$25 per-tank increase since the U.S. and Israel attacked Iran in late February — and GasBuddy analyst Patrick De Haan estimated the suspension would drain the Highway Trust Fund of about $2.1 billion per month.

Source: CBS News Politics · link AffordabilityEconomy2026Midterms
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