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. .
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.
I’ve not been a proponent of the gas tax. I just don’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 “not going to have an impact on major road construction and major repairs.”.
Biden says that going forward with a tax holiday is “not going to have an impact on major road construction and major repairs.”.
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