‘That’s a great idea!’ Trump told CBS News.
President Donald Trump says he supports suspending the gasoline tax.
With gas prices surging 50 percent since the start of the war in Iran, Trump told CBS News on May 11 that stopping excise taxes would be a “great idea.”
“Yup, we’re going to take off the gas tax for a period of time, and when gas goes down, we’ll let it phase back in,” the president said.
The federal excise tax on gasoline is 18.4 cents per gallon, while the tax on diesel is 24.4 cents per gallon.
As of May 11, the national average for a gallon of gas is $4.52, according to the American Automobile Association.
This is a developing story. Please check back for further updates.
By Andrew Moran
