Congress Takes a Serious Look at a Gas Tax Holiday—But Drawbacks Might Sink It
Donald Trump
Four years ago, as Russia’s invasion of Ukraine sent the price of gas soaring, President Joe Biden called for suspending the federal gas tax. Lawmakers from both parties showed little appetite for the proposal—which would have sacrificed tens of billions in revenue needed for roads and bridges in exchange for minimal savings at the pump. Now, as gas prices approach nearly the same highs of 2022 amid the Iran War, President Donald Trump is floating an identical proposal. Only this time, there
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