Federal gas tax holiday proposals were making the rounds on Capitol Hill on Monday after President Donald Trump expressed his support for such an effort, with one new bill already introduced in the Senate and intentions for another announced in the House. Sen. Josh Hawley, R-Mo., on Monday introduced a bill to suspend the federal […]

President Donald Trump says he plans to suspend the federal gas tax "for a period of time" as part of a move to curb high prices at the pump.

As the White House and Congress mull suspending the federal gas tax, analysts suggest it would be bad for the budget and not much help at the pump.

Sen. Josh Hawley (R-MO) and Rep. Anna Paulina Luna (R-FL) have pledged to introduce legislation to suspend the federal gas tax.