Anonymousabout 3 hours ago
The Trump administration signaled openness to suspending the 18.4-cent federal gas tax as national averages hit $4.52 amid the Iran-fueled Strait of Hormuz crisis, but economists warn the move would save consumers only 10-16 cents per gallon while draining up to $21 billion from an already-insolvent Highway Trust Fund. The proposal faces constitutional barriers requiring congressional action, and international evidence suggests broad fuel tax relief is among the least effective anti-inflation tools available.