Trump’s Gas Tax Cut Could Backfire: Peter Schiff Warns Could ‘Weaken The Dollar,’ Sending Oil Prices Higher

Economist Peter Schiff, who is also the co-founder of Echelon Wealth Partners, cautioned against eliminating the Federal gas tax on Monday, as it could weaken the dollar and lead to higher oil prices.

Higher Oil Prices

In a post on X, Schiff weighed in on surging oil and gas prices, saying that Trump was considering eliminating gasoline taxes to “give consumers relief” as the war drags on.

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