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CBS America

Could Trump suspend federal gas tax as Iran war continues?

CBS America · Older
CBS America
CBS America
Older

President Trump said he could consider suspending the federal gas tax as the conflict in the Middle East continues. Barron's reporter Jacob Sonenshine joins CBS News with more.

Breakdown
  • President considered suspending federal gas tax, urges states to act first 19s
  • Expert says suspending gas tax would have minimal economic impact 34s
  • Gas prices have risen by double digits since Iran war began 39s
  • Diesel price increases have greater negative impact than gas 1m 29s
  • Energy costs are less than 10% of the Consumer Price Index 2m 12s
EnergyPoliticsEconomy