Biden Calls On Congress To Suspend Federal Gas Tax

U.S. President Joe Biden called on Congress today to suspend the federal gas tax for the next 90 days. “Today, I’m calling on Congress to suspend the federal gas tax for the next 90 days through the busy summer season—the busy travel season,” the President said on Wednesday. The suspension of the gas tax—effectively a federal gas tax holiday--would amount to an 18 cent reduction in the price of gasoline and a 24 cent reduction in the price of diesel. “I call on the companies to pass this along—every penny…