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A federal gasoline tax holiday as proposed by President Trump would result in billions of dollars in lost tax revenue each month, budget analysts say.
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Surging gasoline and energy prices, as well as the cost of groceries, have pushed the forecast for the cost-of-living adjustment higher.
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Trump faces uphill climb on suspending gas tax AxiosOpinion | Republicans and Democrats find something to agree on The Washington PostOpinion | A gas tax holiday won't fix Trump's high gas prices MS NOWThe federal gas tax is on Trump's hit list. Data shows how much would be saved without it. NBC NewsHow Washington Could Suspend the Federal Gasoline Tax WSJ
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NPR's Steve Inskeep asks business news analyst Jill Schlesinger how high oil and gas prices from the Iran war affect consumer budgets.
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