Biden may soon back a gas tax holiday -- plus rebate cards -- to address pain at the pump

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Biden may soon back a gas tax holiday -- plus rebate cards -- to address pain at the pump
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Pres. Biden said he could make a decision as soon as this week on whether to support Congress instituting a pause on the federal gas tax of 18.4 cents per gallon.

The president said Monday he could make a decision as soon as this week on whether to support Congress instituting a pause on the federal gas tax of 18.4 cents per gallon, whichsaid on Sunday

A gas tax holiday would require approval from Congress, where Democrats hold a fragile majority. House Speaker Nancy Pelosi has previously spoken skeptically of the idea, saying it was possibly better "PR" than policy. "These factors are unlikely to diminish immediately, but over time, I certainly expect inflation to come down," she said.

"Bidenflation is costing average Americans an extra $460 a month," Pennsylvania Rep. Lloyd Smucker tweeted on Monday.Biden made clear Monday he has no plans to meet oil executives in person but is instead tasking top aides, like Granholm, with making his administration's position clear.

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