Former President Donald Trump announced his support for suspending the federal gasoline tax in an interview with CBS News on Monday, marking a significant shift from the White House’s previous position.

Why it matters: The endorsement arrives as Republicans confront political pressure over record-high gasoline prices, which have surged since the start of the conflict with Iran.

Driving the news: Trump told CBS News,

"We're going to take off the gas tax for a period of time, and when gas goes down, we'll let it phase back in."

Key details:

  • The federal gasoline tax stands at 18.4 cents per gallon; suspending it would require congressional approval.
  • Sen. Josh Hawley (R-Mo.) announced plans to introduce legislation on Monday to suspend the tax.
  • The White House has not indicated whether Trump will push Capitol Hill for action.

Gasoline price surge: According to AAA, the national average for regular gasoline is now $4.52 per gallon, up from under $3 per gallon before the Iran conflict.

What’s next: Congress has yet to take up the issue, though Democratic lawmakers have proposed bills to suspend the tax until October 1. Sen. Mark Kelly (D-Ariz.) and Sen. Richard Blumenthal (D-Conn.) have sponsored a Senate measure, while Rep. Chris Pappas (D-N.H.) has introduced a companion bill in the House.

Source: Axios