Trump Comments on Reducing Gasoline Tax Amid Hormuz Crisis

Описание: U.S. Energy Secretary Chris Wright signaled Sunday that the Trump administration is "open" to pausing the federal gas tax to alleviate financial strain on U.S. households amid a gas price hike.

However, the idea would come at an eye-watering cost for the federal government, which would have to foot $500 million a week to cover the roughly 18 cents per gallon saved by consumers. The proposal is the White House's latest effort to remedy skyrocketing oil and gas prices, which currently sit at an average of $4.52 per gallon amid the Iran war as hopes for a permanent ceasefire dissipate.

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