Biden's Gas Tax Suspension Proposal Falls Flat In Congress

Biden's Gas Tax Suspension Proposal Falls Flat In Congress

OilPrice.com

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President Biden asked Congress on Wednesday to lift the federal fuel tax for three months in a bid to reduce excessively high prices at the pump, but resistance in Congress—even from the President's own party—could stymie the idea altogether. In a four-point plan, Biden said told legislators to consider suspending the $0.24 federal tax per gallon of diesel and the $0.18 per gallon tax on gasoline for 90 days and recommended that states also lift their state taxes on fuels. The President also called on oil companies to use their profits…

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