Biden will call for 3-month suspension of gas tax, though officials acknowledge it ‘alone won’t fix the problem’
https://www.mercurynews.com/2022/06/22/biden-will-call-for-3-month-suspension-of-gas-tax-though-officials-acknowledge-it-alone-wont-fix-the-problem/
President Joe Biden will call on Congress in a speech Wednesday to suspend federal gasoline and diesel taxes until the end of September, senior administration officials said, framing the move as necessary to provide relief to American consumers but itself not enough to resolve the problem of surging energy prices.
Biden will also call on states to take steps removing their own taxes on gas and diesel. And he’ll tell oil refining companies to increase their capacity ahead of their planned meeting this week with administration officials.
Biden will call for 3-month suspension of gas tax, though officials acknowledge it ‘alone won’t fix the problem’
Jun 22, 2022, 2:46pm UTC
https://www.mercurynews.com/2022/06/22/biden-will-call-for-3-month-suspension-of-gas-tax-though-officials-acknowledge-it-alone-wont-fix-the-problem/
> President Joe Biden will call on Congress in a speech Wednesday to suspend federal gasoline and diesel taxes until the end of September, senior administration officials said, framing the move as necessary to provide relief to American consumers but itself not enough to resolve the problem of surging energy prices.
> Biden will also call on states to take steps removing their own taxes on gas and diesel. And he’ll tell oil refining companies to increase their capacity ahead of their planned meeting this week with administration officials.