The Biden administration is billing a gas tax holiday as a way to provide some "breathing room" as it works to bring gas costs down over the long term.
RELATED: How Fed key interest rate hikes will affect your credit card, mortgage
President Joe Biden on Wednesday called on Congress to suspend the federal gas tax for the next three months in one of his administration's most controversial efforts to give Americans immediate relief as gas prices soar above $5 a gallon in many states.
The proposal was met with widespread skepticism. House Speaker Nancy Pelosi, Senate Majority Leader Chuck Schumer and other top Democrats were noncommittal, signaling it could be doomed in Congress.
A three-month federal gas tax holiday would suspend a tax of 18.4 cents per gallon of gas and 24.4 cents for diesel that drivers pay when they fill their tanks. The White House billed the holiday as a way to provide some "breathing room" as it works to bring costs down over the long term. The pause, which Biden envisions lasting through September, would require congressional approval.
» Subscribe to USA TODAY:
» Watch more on this and other topics from USA TODAY:
» USA TODAY delivers current local and national news, sports, entertainment, finance, technology, and more through award-winning journalism, photos, videos and VR.
#biden #inflation #gasprices
WhatsApp>>> Messenger 👆🏻👆🏻👆🏻
When someone is straight forward at what he or she does people will always speak for them. I know a couple of Friend who makes profit in the financial market.
Mende daily trades is top_ rated and one of the best you could get when it comes to trading crypto.
@Belinda Anthony< Thanks, I just message her on what's app just as you recommended and she responded, this is a big life changing for me and my family😇
That is lame. I invested with Alphonsomer Diego Moonerman. The change from the center console of my Nissan Sentra, which was $5.82, was invested and now my tax free weekly income is $56,870. This only took 17 days. Now my change is kept in the console of my Rolls Royce Silver Cloud.
wow…..crumbs 😆 real strong biden…its time to nationalize our energy sector along with the Healthcare sector millions upon millions just keeping our head above water and this is the strong leadership we get
I feel like this will backfire
Gas will be $7 a gallon by Christmas.