- US President Donald Trump announced his intention to temporarily scrap the excise tax on car fuels to alleviate rising gasoline prices, which have increased by over 50% since late February.
- In addition to fuel tax cuts, the Trump administration plans to reduce beef import duties and implement measures to support cattle farmers, such as improving access to capital and relaxing regulations like wolf protection and mandatory electronic ear tags.
- These actions are aimed at supporting citizens and businesses by combating high consumer costs, including record-high prices for beef due to scarcity in the American cattle market.
Source Taxlive
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