Wednesday, June 22, 2022

Biden Will Push Congress For Gas Tax Holiday, Despite Obama Once Calling It a 'Gimmick' 
Leah Barkoukis / Townhall Tipsheet
 
Amid record-high gas prices nationwide, President Biden has decided to pursue a temporary pause on the federal gas tax and will ask Congress to act.

In a speech Wednesday afternoon, Biden will request a three-month break in the 18.3-cent-per-gallon gas tax “without harming the Highway Trust Fund,” according to an administration official.  He will also ask states to suspend their gas taxes as well.

But the request will likely face opposition in Congress. Republicans are opposed to the idea while some Democrats have questioned whether the oil companies would absorb the savings. 

Biden’s former boss, President Obama, once called such a move a “gimmick.” 

"Oil companies like Shell and BP just reported record profits for the quarter and we're arguing over a gimmick to save you half a tank of gas over the course of the entire summer so that everyone in Washington can pat themselves...Read more and see tweets here.

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