Trump proposes suspending the federal gas tax for a time
The revenue collected by this tax is allocated to financing highways, road infrastructure and public transportation projects
Since the conflict began in the Middle East to date, the price of gasoline in the United States has increased 50%, standing for the beginning of this week at $4.52 per gallon, according to data from the American Automotive Association (AAA).
And although many economists sure that this year the cost of fuel will not fall unless the war against Iran cessates, this Monday in an interview This telephone, President Donald Trump assured that his next goal is to suspend for “a period” the federal gasoline tax.
According to statements by the US president to CBS News, the tax is planned to be eliminated and, once prices lower, to reintroduce it gradually.
The federal gasoline tax in the U.S. has been in effect since 1993, when a flat tax of 18.4 cents per gallon of gasoline and 24.4 cents per was established gallon of diesel through the Omnibus Budget Reconciliation, this for the purpose of financing highways, road infrastructure and other public transportation projects.
Therefore, to suspend it would require the approval of a law from Congress, and in addition its interruption for a “period” of time would cost the federal government hundreds of millions of dollars weekly.
For his part, Republican Senator Josh Hawley also spoke this Monday about a bill to suspend the federal gasoline tax. a, like other democratic legislators who had previously presented bills with the purpose of reducing or suspending the tax.
There will be bailout for the airlines
Regarding the proposal on “a financial bailout” for some US airlines that in recent months have been affected by the surge fuel. President Trump said: “Actually, no bailout proposals have been presented. The airlines are not doing badly,” he said.
Since the fuel increase, many airlines indicated that they couldn't maintain operational costs without making an adjustment to their travel rates, so for this summer, both domestic and international flights are expected to become more expensive.
A proposal for peace with Iran
During the CBS interview, the president called totally unacceptable Iran's latest peace proposal. “It was a bad proposal, a proposal is stupid, in fact, made by people who have no idea of the danger they're running. A very stupid proposal. Poorly worded, poorly presented,” Trump added.
And on the closure of the Strait of Hormuz, Trump indicated that Iran's reaction to close it is because it's “the only weapon they have.” "It's stays. We would have opened it, if it hadn't been for the fact that I did favors to certain countries that asked me not to do it," he said. However, he hasn't affirmed that the operation to give safe passage to the vessels will be restarted.

