Joe Biden will ask Congress on Wednesday to pause the federal gas tax until September 2022 as fuel prices soar across the country. Biden is requesting Congress to institute a three-month federal gas tax holiday, however, he wants to not strip money from the Highway Trust Fund that funds mass transit and highways.
Fox Business reports:
The federal government currently charges 18 cents in taxes per gallon of gasoline and 24 cents per gallon of diesel, the official said.
Biden will also call on states, oil companies and retailers to pause gas taxes. The Penn Wharton Budget Model published estimates Wednesday revealing that gas tax holidays in Georgia, Maryland and Connecticut saved consumers money at the pump. Most of the savings in these areas went to consumers instead of service stations and others in the energy sector.
The cost of gas began to soar last fall and continued to rise following Russia’s invasion of Ukraine in late February, although the administration is framing the increase in gas prices as the “Putin price hike.”
“[Biden] believes that states, oil companies and retailers have a responsibility in this unique moment – to do their part to ameliorate Putin’s price hike,” [a Biden administration] official said. “He’s calling on states to suspend their gas taxes or else find other ways to deliver the same relief, such as consumer rebates or relief payments.”
I realize that a U.S. President cannot control gas prices, but I appreciate Biden doing this pausing of gas taxes and pressing Big Oil to drill/refine to help bring the price of gas down for us consumers. Once supply meets demand, the gas price issue should go away.
He did control gas prices, he cancelled drilling in all but one state. He cancelled the pipeline. This gas hike is all joe.
Knocked it our of the Park Stoney.
Good Man.
Glad you wrote what I was thinking because my language would have probably not been published. Biden has screwed up EVERYTHING he’s touched. Welcome to the new COMMUNIST REGEIM.
Biden did cause this and now he is looking for temporary cover because someone woke him up and told him the midterms are coming. Biden is senile, delusional and the weakest excuse for a president this nation has ever had. The only one glad to see him is Jimmy Carter because now someone is worse than he was.
Biden’s policies have discouraged oil producers from making investments to increase production. Then he blames the oil producers for not acting against their own interests and those of their investors. A typical Democrat lie.
What?!.
This is all his fault
Oh really? Well, you communists don’t have very good memories. What about California when that jerk they have for a governor RAISED the state gas tax? Dictator Biden’s idea about lowering the eighteen cent gas tax MIGHT bring the price there down to what it is elsewhere.
One reasonable action would be to permanently reduce the diesel tax to the same level as gasoline. What is the logic of diesel taxes being higher than gasoline? Is it to increase the cost of freight movement and thus increase inflation? Is it to encourage the choice of gasoline engines rather than diesel and thus increase fuel consumption and thus increase the rise in fuel prices?
Because semi’s do multiple times more damage to highways than do cars and pickups due to their much heavier weight resulting in increased wera and tear on the roads.
Then higher taxes of some nature should be levied exclusively on very heavy trucks. Not all diesel engines power very heavy trucks. Much of the extensive damage is caused by excessive speed limits for heavy trucks. Truck speed limits used to be more reasonable for such heavy vehicles and the roads were better protected.
Hennessy this is fantasy and the green new deal? They should be concerned about the over-abundant supply of swamp gas coming from this administration. They steered us away from 100% clean-burning alcohol back in the 1920
s. A guy by the name of Rockefeller had all this filthy land that had oil on it. Womans temperance movement the womens vote in 1922 and prohibition. This pretty much put the skids on the devils brew alcohol. To produce alcohol as a fuel is 1/16 the price of gasoline.Next is to change Henry Ford
s way to perambulate this country without raising a foot. He was forced to go along with an oil derivative called gasoline. Alcohol is a renewable source where gasoline isn't? Now they are doing it again at we the peoples expense. They havent thought it out on how to tax this ozone-polluting car that's worse. Follow the science and you will find out. Its all about the money and they have blown it on this one. They will follow the science only when it will benefit them. There are generators that will hook up and outproduce the electrical system that’s in use? They can`t have that on the market. That means the only thing you would change would be the driver. You could build a house off-grid in Tin buck too. You could operate a jetliner that could circumnavigate the world to come down when and whenever. Nawww there’s no money in that. They have set themselves for failure this time. The entire world is being haddddddd.FJB
A DemocRat wants to LOWER a tax? I smell a rat.
If done then you can be sure in the future they will ask for higher taxes to offset the loss from the temporary reduction.
Drill baby drill🤠
Open the pipeline!
Get back on your bicycle 😎
Not only is Joe Biden the worst president he’s the stupidest and will sit there and lie straight into your face anybody that believes his bullshit is just a stupid as he is
The best way to bring gas prices down is to get rid of Joe Biden and the entire Democratic Communist party. He wants to blame the oil companies and Putin and Johnny Knoxville and everybody else but he’s the one that shut down the keystone Pipeline day one there’s the problem.
So if you get rid of the problem the gas prices will go down where Trump had them, instead of build back better he needs to just leave things alone
Only campaign promise kept. “I will raise gas prices. “
What Biden really wants is increased fuel tqaxes. Watch, if they do give a temporary pause to the gas tax then later they will call for an increase to offset the loss from the “tax holiday”.
Biden and his administration`s swamp gas is enough to have killed the dinosaurs.
Massachusetts legislature (Democrat-controlled) voted TWICE not to suspend state gas tax – it referred to it multiple times as a ‘gimmick’.
This will do nothing useful. It’s another Biden stunt to appear to be doing something about the price inflation he caused.
The best thing he could do for this country is resign and admit he stole the election so Trump can get back in office and fix all of his many mistakes.
Personally, I find myself wondering how much stock Biden and/or his son, Hunter, have in the Chinese owned companies that make batteries for elect cars. Biden seems to be queer for those electric vehicles. They might be the car of the future but let it happen through competition and not being shoved down our throats. Doing it through competition people will be driving what they want and will pretty much be satisfied. The way Dictator Biden is doing it people will only hate the vehicle they’re forced to own.
Yay! We can save 18 cents!!! Can’t wait. Along with maybe saving 4 cents for 4th of July like last year.
I love all the people behind Joe Biden. I hope everyone that voted for him is happy and PROUD to be an American!