Axios · Donald Trump · Democrats · Iran · Axios
Trump runs into barrage of Democratic counter-proposals on gas tax
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With President Trump's proposal to suspend the gas tax facing headwinds on Capitol Hill, some Democratic lawmakers are offering alternative approaches to get fuel costs under control.
Key facts
- Sherman's bill would impose a 100% windfall tax on those profits, according to text of the measure first obtained by Axios
- With President Trump's proposal to suspend the gas tax facing headwinds on Capitol Hill, some Democratic lawmakers are offering alternative approaches to get fuel costs under control
- Reality check: The Trump administration has ruled out an oil export moratorium and ignored lawmakers' demands to end the war — This is one of several Democratic proposals to combat both inflation and what they say is wartime price gouging
Summary
This goes beyond a simple debate about gas prices and taps into fundamental disagreements between the two parties about which parts of society should shoulder the costs of war and inflation. Trump wants to relieve consumers' tax burden by cutting revenue to the federal government. A bill set to be introduced by Rep. Sherman's bill would impose a 100% windfall tax on those profits, according to text of the measure first obtained by Axios.