Biden Calls for Gas Tax Holiday

Video Credit: Wibbitz Top Stories
Published on June 22, 2022 - Duration: 01:31s

Biden Calls for Gas Tax Holiday

Biden Calls for , Gas Tax Holiday.

Biden Calls for , Gas Tax Holiday.

Politico reports that on June 22, President Biden asked Congress to approve a three-month pause on federal gas tax.

The request is the president's latest attempt to provide struggling Americans relief amid surging inflation.

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Biden also encouraged states to follow suit during that time period or offer discounts in other ways.

But Politico reports the idea of a gas tax holiday hasn't gone over well with House Democrats.

Iโ€™ve not been a proponent of the gas tax.

I just donโ€™t know that it gives much relief, Steny Hoyer, House Majority Leader, via Politico .

Typically, revenue from federal gas tax funds road-building projects.

Biden says that going forward with a tax holiday is โ€œnot going to have an impact on major road construction and major repairs.โ€.

Biden says that going forward with a tax holiday is โ€œnot going to have an impact on major road construction and major repairs.โ€.

According to the White House, the three-month tax suspension would take $10 billion from the trust fund, but it could be offset via other avenues.

According to the White House, the three-month tax suspension would take $10 billion from the trust fund, but it could be offset via other avenues.

While some lawmakers have expressed support for the idea, Congress doesn't seem to be on board as a whole


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