Biden To Ask Congress For 3-Month Gas Tax Holiday

The New York Times reports:

President Biden plans to call on Congress on Wednesday to temporarily suspend the federal gas tax, an effort to dampen the soaring fuel prices that have stoked frustration across the United States.

During a speech on Wednesday afternoon, Mr. Biden will ask Congress to lift the federal taxes — about 18 cents per gallon of gasoline and 24 cents per gallon of diesel — through the end of September, just before the fall midterm elections.

The White House will face an uphill battle to get Congress to approve the holiday, however. While the administration and some congressional Democrats have for months discussed such a suspension, Republicans widely oppose it and have accused the administration of undermining the energy industry.

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Breaking News: President Biden will push Congress to temporarily lift the federal gas tax, an effort to dampen soaring fuel prices that have stoked frustration.https://t.co/l8wIXCUAgO

— The New York Times (@nytimes) June 22, 2022