Biden's 'gas tax holiday' looks to suspend gas tax | USA TODAY
June 22, 2022
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1:07Now PlayingBiden's 'gas tax holiday' looks to suspend gas tax | USA TODAY
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as posted by the channelThe Biden administration is billing a gas tax holiday as a way to provide some "breathing room" as it works to bring gas costs down over the long term.
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President Joe Biden on Wednesday called on Congress to suspend the federal gas tax for the next three months in one of his administration's most controversial efforts to give Americans immediate relief as gas prices soar above $5 a gallon in many states.
The proposal was met with widespread skepticism. House Speaker Nancy Pelosi, Senate Majority Leader Chuck Schumer and other top Democrats were noncommittal, signaling it could be doomed in Congress.
A three-month federal gas tax holiday would suspend a tax of 18.4 cents per gallon of gas and 24.4 cents for diesel that drivers pay when they fill their tanks. The White House billed the holiday as a way to provide some "breathing room" as it works to bring costs down over the long term. The pause, which Biden envisions lasting through September, would require congressional approval.
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