![]() ![]() I’m calling on more states and local governments to take actions like these. In Minnesota, Governor Walz proposes using state budget surpluses to give households a rebate that will help them pay for gas at the pump or other essential needs. In Illinois and Colorado, governors delayed theirs to give families a bit more breathing room as well. In Connecticut and New York, the governors have temporarily suspended their gas tax as well. State gas taxes average 30 cents per gallon. That’s why the second action I’m taking is calling on states to either suspend the state gas tax as well or find other ways to deliver some relief. But we can also cut gas prices even more in another way. There are a number of other proposals by Democrats in the House and the Senate, and I hope my call for action can help move those proposals forward as well. This is - there’s no time now for profiteering. I call on the companies to pass this along - every penny of this 18-cents reduction - to the consumers. We can do both at the same time.īy suspending the 18-cent gas tax - federal gas tax for the next 90 days, we can bring down the price of gas and give families just a little bit of relief. ![]() But what I’m proposing is suspending the federal gas tax without affecting the Highway Trust Fund.Īnd here’s how we do that: With the tax revenues up this year and our deficit down over $1.6 trillion this year alone, we’ll still be able to fix our highways and bring down prices of gas. It’s important because we use it for the Highway Trust Fund to keep our highways going. It’s a tax that’s been around for 90 years. Here’s what that means: Every time you go to the gas station to fill your tank, the federal government charges an 18-cent tax per gallon of gas that you purchase and a 24-cent tax per gallon of diesel you purchase. I’d like to talk to you about the actions I’m announcing to bring down gas prices.įirst, today I’m calling on Congress to suspend the federal gas tax for the next 90 days, through the busy summer season - busy travel season. ![]() Get Involved Show submenu for “Get Involved””.The White House Show submenu for “The White House””.Office of the United States Trade Representative.Office of Science and Technology Policy.Executive Offices Show submenu for “Executive Offices””.Administration Show submenu for “Administration””. ![]()
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