Biden asks Congress for gas tax holiday to lower record pump prices

U.S. President Joe Biden on Wednesday referred to as for a three-month
suspension of the federal gasoline tax to fight report costs, however
opposition from lawmakers inside his personal social gathering suggests the request
might by no means be met, Trend stories citing Reuters.

American households paying way more for gasoline deserve some
monetary reduction, Biden stated as he pushed Congress to behave, whereas
commenting {that a} suspension of the 18.4 cents per gallon tax was
not sufficient.

“I totally perceive {that a} gasoline tax vacation alone shouldn’t be going to
repair the issue however it is going to present households some fast reduction,
just a bit little bit of respiratory room, as we proceed engaged on
bringing down costs for the lengthy haul,” Biden stated.

The president additionally urged states to quickly droop state
gas taxes, which are sometimes larger than federal charges.

He can be asking main oil corporations to counsel concepts on tips on how to
convey again idled refining capability once they meet with Energy
Secretary Jennifer Granholm on Thursday.

Biden and his advisers face rising stress to behave as
record-high gasoline costs and total inflation weigh on the
president’s opinion ballot rankings and solid doubt on Democrats’
probabilities of retaining congressional energy in Nov.8 elections.

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