Utah Sen. Mike Lee warned that President Biden's proposed federal gas tax suspension will only accelerate the likelihood of a recession and increase inflation.
BIDEN'S MOVE TO SUSPEND GAS TAX SLAMMED AS AN ‘UNSERIOUS’ SOLUTIOIN BY OIL AND GAS ASSOCIATION PRESIDENTEverything the Biden administration seems to be doing will have a natural tendency of accelerating and making that much, while at the same time also driving up inflation.
If he just suspends this gas tax for a period of three months – first of all, he would end up extending the suspension before the midterms for the reasons you alluded to a minute ago – but even if it were just three months, there's a lot of revenue that still has to- We still have to pay for the upkeep and the maintenance of our interstate transportation network. Our interstate system. So where's that money going to come from, Harris? We're just going have to borrow more of it.
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