Biden to call on Congress to suspend gas tax for three months
Summary by Ground NewsBiden will call on Congress to suspend federal gasoline and diesel taxes for three months. He will also ask states to suspend their own gas taxes or provide relief to consumers. The White House says the three-month suspension will cost about $10 billion. The administration is also putting public pressure on oil companies to help Americans. If the gas savings were fully passed along to consumers, people would save roughly 3.6% at the pump. Many economists and lawmakers from both parties view the idea of a gas tax holiday with skepticism.
Published 9 months ago · Washington, United States
Biden To Urge US Congress For 3-Month Suspension Of Federal Gas Tax As Prices Skyrocket
US President Joe Biden will ask Congress Wednesday to suspend the federal gas tax for three months as skyrocketing prices cause widespread anger among Americans just months before crucial mid-term elections.
9 months ago·IndiaRead Full Article
US President Asks Congress to Suspend Federal Gasoline Tax for 3 Months Today = Senior Officials
[22nd Reuters] - US President Biden will ask Congress to suspend the federal gasoline tax for three months on the 22nd. A senior government official made it clear. We will also call on the state government to suspend the fuel tax. It will also ask major oil companies to show at a meeting with Energy Secretary Granholm this week how to put dormant refineries into operation. Another government source said, “The suspension of the federal gasoline t…
9 months ago·United KingdomRead Full Article
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