Trump Team Seeks Longer Gas Tax Holiday With Phased-In Return
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Article Excerpt
The White House is floating a proposal to extend a gas tax holiday for up to 180 days and then phase in taxes gradually over an extended period. The move comes as inflation continues to rise, with gasoline prices hitting all-time highs.
According to a person familiar with the matter, the administration is considering a plan that would waive federal excise taxes on motor fuels for six months before gradually reintroducing them at lower rates over the next 18 months. This proposal is seen as an attempt to alleviate some of the economic burden on American consumers who are grappling with rising …
Read full article at Financial Post ↗
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Jun 3, 2026