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Biden wants a gas tax holiday. Some economists say that's a bad idea

Summary by Ground News

President Biden is set to announce on Wednesday that he wants Congress to give consumers a break on the federal gas tax for the summer months. But economists say the move might not make that big a difference to drivers and could actually backfire on the economy. Polls shows Americans are very dissatisfied with how Biden is handling the economy, so there is a real demand for him to do something.

51 Articles

USA Today

Lean Left

Three months with no gas tax? Congress and states are skeptical of Biden's gas tax holiday proposal.

President Joe Biden on Wednesday called on Congress to suspend the federal gas tax. He also encouraged states to also suspend their gas tax.

4 years ago·New York, United States

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El Mundo

Lean Right

Biden proposes to suspend gas tax for three months

President Joe Biden defended his strategy on record gasoline prices on Wednesday, which involves suspending a federal price tax for three months...

4 years ago·Madrid, Spain

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PressTV

Right

Biden blames Russia for prices at the pump as he asks Congress to suspend gas tax

President Biden calls on Congress to temporarily suspend the federal gas tax.

4 years ago·Tehran, Iran (Islamic Republic of)

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abc Action News

Center

Economist says federal gas tax holiday will lead to small savings

A local economist says the president's proposed gas tax holiday would save you some money at the pump but warns that it could also lead to some other economic issues down the line.

4 years ago·Cincinnati, United States

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