BREAKING NEWS: President Biden to call for a 3-month federal gas tax holiday
will ask Congress on Wednesday to suspend the federal gas tax until September as Americans across the country grapple with soaring prices as the pump.without stripping money from the Highway Trust Fund that finances highways and mass transit."I want to be very clear, the president is calling on Congress to take this step to help American families without harming the Highway Trust Fund, which is funded by these taxes," a senior administration official said Tuesday evening.
in late February, although the administration is framing the increase in gas prices as the "Putin price hike." "And when the cost of oil does come down as it has over the last couple of weeks, the president is calling on retailers to properly lower their prices and pass the savings on to consumers," the official continued.
And Chevron CEO Michael Wirth wrote a letter to Biden Tuesday pointing out that the company works every day to "help provide the world with the energy it demands and to lift up the lives of billions of people who rely on these supplies."
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
President Joe Biden floats lifting federal gas tax, but how much will it help in SoCal?As the national average for a gallon of gas hovers around $5, President Biden is considering a federal holiday on the gas tax that goes towards repairing roads and transportation grants.
Read more »
Biden to ask Congress to suspend gas tax for three monthsPresident Biden will ask Congress to suspend the federal gas tax through September, a move that could shave off 18 cents per gallon to help consumers battling record prices at the pump, officials said.
Read more »
Biden calls on Congress to suspend federal gas taxNEW: President Biden today will call on Congress to suspend the federal gas tax for three months, ask states to do the same and demand that oil and gas companies boost production.
Read more »
Decision on U.S. gas tax holiday may come this week, President Biden saysBiden said members of his team were to meet this week with CEOs of the major oil companies to discuss rising oil prices.
Read more »
President Biden considers gas tax holidayWhile AAA reported that gas prices dropped below $5 per gallon on Saturday, the current rate of $4.98 a gallon remains $1.91 more than a year ago.
Read more »
Texas GOP Goes All-In on Trump’s Big Lie, Says Biden Is ‘Acting President’The Republican Party of Texas now officially, in writing, opposes “all efforts to validate transgender identity” and does not support the use of taxpayer funds for any “medical gender dysphoria treatments or sex change operations.”
Read more »