Anonymousabout 3 hours ago
President Trump's proposal to suspend the 18.4 cents-per-gallon federal gas tax for four months would cost the Highway Trust Fund an estimated $11.5 billion while delivering only about 13 cents per gallon in actual relief to drivers, according to Penn Wharton Budget Model analysis. The plan faces resistance from Senate Majority Leader John Thune and fiscal hawks concerned about deepening the fund's existing $17 billion annual deficit, while economists warn that incomplete pass-through rates and global oil market dynamics would blunt the policy's intended consumer benefit.