This May 11, the president of the United States, Donald Trump, confirmed that he plans temporarily suspend the federal fuel tax until lower hydrocarbon prices.
Trump confirmed the suspension of imposed during a telephone interview with CBS.
“We are going to eliminate the gas tax for a period of time, and When the price drops, we will allow it to be gradually reintroduced,” the president said.
Donald Trump’s recent statements come a day after The Secretary of Energy of the United States, Chris Wright, will advance the suspension of the tax.
Wright told NBC on May 10 that “all measures that can be taken to lower the price at the gas station and reduce costs for “Americans have the support of this Administration.”
However, CBS details that, so that the Trump administration can To suspend the tax, it must be approved by Congress.
Furthermore, such a decision could cost the Trump Administration close to US$500 million weekly, according to the media.
Currently, federal fuel taxes include levies on 18.4 cents per gallon for gasoline and 24.4 cents per gallon for diesel.
Trump’s decision has had the support of several legislators, both Democrats and Republicans. For example, Senator Josh Hawley and Congresswoman Anna Paulina Luna, Both Republicans showed their support.
On the Democratic side, Senator Mark Kelly also showed his support for Trump’s motion. “Families need help now. Rep. Chris Pappas and I already have a bill to suspend the gasoline tax. Let’s do it,” the senator wrote in X.
In retaliation for the war, Iran interrupted the passage through the Strait of Hormuz, a strategic sea route through which 20% of the world’s crude oil passes, which has plunged the markets into uncertainty, interrupted supply chains. supply and skyrocketed hydrocarbon prices.
Also read: Why Trump says Iran “will no longer laugh” at the United States