PIERRE – Senator Mike Rounds (R-S.D.) called for a suspension of the federal gas and diesel tax for 90 days in a letter today to President Donald Trump.
Additionally, Rounds asked states to consider suspending their own gas and diesel taxes. This would temporarily save consumers on average 60 cents per gallon on diesel fuel and 52 cents per gallon on gasoline.
To offset the loss of revenue to the Highway Trust Fund, Congress can consider authorizing a one-time transfer from the General Fund.
Rounds also urged President Trump to consider using his authority under the Defense Production Act to help domestic refineries expand their capacity, including refining capacity that is already online.
Comments