Bessent Urges Congress to Suspend Federal Gas Tax Amid Iran War Costs

Treasury Secretary Scott Bessent is pressing Congress to suspend the federal gas tax as American consumers struggle with higher fuel prices driven by the ongoing war in Iran. The administration argues that the conflict has choked off global oil supply, particularly through the Strait of Hormuz, making the tax an undue burden on the public. This request highlights the direct economic impact of the Middle East conflict on U.S. households and the potential need for fiscal relief.