President Biden on Wednesday is expected to call on Congress to temporarily suspend the gas tax during the summer months, according to sources familiar with the plan.
Biden will ask that Congress assist in lifting the 18 cent tax per gallon on regular gasoline during the busy summer months, a source said.
The White House has been weighing a recommendation on a federal gas tax holiday for the past week, The Hill first reported, as gas prices topped $5 per gallon on average nationally. Already high gas prices have been exacerbated by Russian President Vladimir Putin’s war in Ukraine.
But the gas tax holiday faces significant opposition in Congress, even among top Democrats, including House Speaker Nancy Pelosi (Calif.), who poured cold water on the idea earlier this year.
To date, the plan has received mixed reviews on Capitol Hill, with some arguing it would compromise infrastructure projects, as the ga... (Read more)
Submitted 12 days ago