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Is Trump’s Gas Tax Holiday a Fix or a Fiscal Detour?
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Subscribe12 MAY 2026 / ACCOUNTING & TAXES
President Donald Trump has proposed temporarily suspending the federal gasoline tax in response to rising gas prices amid the Iran conflict and pending midterm elections. However, while the measure could provide some relief, the average driver would save only $2 to $4 per fill-up, and the suspension would increase financial pressures on the Highway Trust Fund, that supports vital infrastructure maintenance, by potentially costing it up to $21 billion over six months.
The federal gas tax has quietly sat in the background of American life since 1993, like that old office printer nobody notices until it jams five minutes before a filing deadline. Now, with gas prices climbing past $4.50 a gallon nationwide after the Iran...
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