The Damage Report
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GOP Provides Cover For Big Oil With Gas Tax Holiday Attack
Posted
June 26, 2022
Views
6,510
Likes
409
Comments
125
Engagement
8.20%
June 26, 2022
6,510
409
125
8.20%
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Republican Senator, Tim Scott, joins Fox News to go to bat for big oil and gas companies and condemn the gas tax holiday that has been proposed by President Biden to bring gas prices down for Americans. John Iadarola and Jayar Jackson break it down on The Damage Report.
Read more here:
Gas tax holiday likely to land on empty amid hurdles in Congress
"President Joe Biden’s call for Congress to suspend federal gasoline and diesel taxes will likely land on empty in the Senate.
Even if he can get all 50 Democratic senators behind the legislation, he would still need 10 Republicans to join the cause to advance the measure, which seems extremely unlikely.
Republicans widely oppose lifting the gas tax — even some Democrats, including House Speaker Nancy Pelosi, have been cool to the idea that former President Barack Obama labeled a “gimmick” in 2008 when he was a candidate. Pelosi has previously argued that oil companies could pocket the savings and not pass it onto the consumers.
In a sign of an uphill climb for Biden, moderate Democratic Sen. Joe Manchin of West Virginia, who chairs the Senate Energy and Natural Resources Committee, told CNN’s Manu Raju Tuesday evening that he’s “a little skeptical” of the gas tax holiday that Biden plans to embrace, saying “there’s no guarantee” it will reduce gas prices.
And Sen. Tom Carper, a Democrat from Biden’s home state of Delaware, said in a tweet he was “glad” Biden was exploring ideas for gas prices, but added it was a ” a shortsighted and inefficient way to provide relief.”"
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