Trump Proposes 18.4-Cent Gas Tax Holiday as Highway Fund Faces Shortfall
Updated
Updated · NPR · May 28
Trump Proposes 18.4-Cent Gas Tax Holiday as Highway Fund Faces Shortfall
7 articles · Updated · NPR · May 28
A federal gas tax holiday backed by Trump would cut gasoline prices by up to 18.4 cents a gallon for drivers.
That relief would come by suspending the federal gasoline tax, reducing revenue flowing into the Highway Trust Fund that pays for road construction and repairs.
The proposal lands as that fund is already under strain, raising the risk that any tax break would deepen financing problems for transportation projects.
The broader tension is that a modest near-term savings at the pump could worsen a larger long-term infrastructure funding gap.
Does a gas tax cut truly help drivers, or does it mainly profit oil companies instead?
With gas taxes becoming obsolete, how can the U.S. fairly fund its roads in an electric vehicle future?