Joe Biden press conference August 20, 2021. Screen shot via C-SPAN YouTube https://www.youtube.com/watch?v=RCh2fosc2kA

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.”




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Walt14
Walt14
5 months ago

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.

Stoney
Stoney
5 months ago
Reply to  Walt14

He did control gas prices, he cancelled drilling in all but one state. He cancelled the pipeline. This gas hike is all joe.

Bemused Berserker
Bemused Berserker
5 months ago
Reply to  Stoney

Knocked it our of the Park Stoney.
Good Man.

John P. Axehandle Jr.
John P. Axehandle Jr.
5 months ago
Reply to  Stoney

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.

Jim Wright
Jim Wright
5 months ago
Reply to  Walt14

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.

Richard Hennessy
Richard Hennessy
5 months ago
Reply to  Walt14

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.

Gary
Gary
5 months ago
Reply to  Walt14

What?!.
This is all his fault

John P. Axehandle Jr.
John P. Axehandle Jr.
5 months ago
Reply to  Walt14

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.

Richard Hennessy
Richard Hennessy
5 months ago

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?

Cmac
Cmac
5 months ago

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.

Richard Hennessy
Richard Hennessy
5 months ago
Reply to  Cmac

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.

DennisBAnderson
DennisBAnderson
5 months ago

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 1920s. 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 Fords 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.

Dale Goodman
Dale Goodman
5 months ago

FJB