Biden calls for three-month suspension of federal gas tax but faces long odds of getting Congress on board - News Summed Up

Biden calls for three-month suspension of federal gas tax but faces long odds of getting Congress on board


“By suspending the 18-cent gas tax, federal gas tax for the next 90 days, we can bring down the price of gas and give families just a little bit of relief,” Biden said in a speech from the White House. In her statement after Biden’s remarks, Pelosi did not commit to bringing a gas tax holiday up for a vote. White House officials had been considering a gas tax holiday for months, but held off until now in part because of concerns at how it might be received in Congress. Even some Democrats have cast doubt previously on a gas tax holiday, noting that the tax provides an important source of funding for road construction. He also sought to use the occasion to explain his decisions that have contributed to higher gas prices.


Source: CNN June 23, 2022 07:03 UTC



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