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EXPLAINER: How Biden's proposed gas tax holiday would work
12 days ago - By Stl Today
Facing stubbornly high gas prices that average about $5 a gallon nationwide, President Joe Biden has urged Congress to suspend federal gasoline and diesel taxes for three months. If savings from the 18.4 cents-a-gallon federal tax on gas are fully...
Read more ...Biden's Gas Tax Holiday Won't Save Summer
13 days ago - By Washington Post
Even if Congress were to give the president what he's asking for, it wouldn't help.
Read more ...EXPLAINER: How Biden's proposed gas tax holiday would work
13 days ago - By Chron
WASHINGTON - Facing stubbornly high gas prices that average about $5 a gallon nationwide, President Joe Biden on Wednesday urged Congress to suspend federal gasoline and diesel taxes for three months.
If savings from the 18.4 cents-a-gallon federal tax on gas are fully passed along to consumers, drivers would save about $2.76 for a 15-gallon fill-up.
It's unclear, though, if Biden can push his proposal through Congress, where lawmakers, including some Democrats, are skeptical or even opposed to the idea. Many economists also are wary of a gas tax holiday.
A look at how the proposed gas tax...
Read more ...Biden's call for Congress to suspend federal gas taxes is landing with a thud with everyone ranging from McConnell to Pelosi
13 days ago - By Business Insider
President Joe Biden. AP Photo/Patrick Semansky
Biden called on Congress to suspend federal gas taxes for three months on Wednesday.
But he has very few allies to count on in Congress.
Schumer and Pelosi didn't endorse the plan and McConnell panned it.
President Joe Biden urged Congress on Wednesday to suspend the 18 cent federal gas tax and a 24 cent per gallon tax on diesel for three months in an effort to slash rising prices at the gas pump. It comes as the national average for a gallon of gas hovers around $5 with no sign of dropping anytime soon. "Today I'm calling on Congress to...
Read more ...Biden calls for 3-month suspension of gas and diesel taxes
13 days ago - By Fortune
“It doesn't reduce all the pain but it will be a big help," Biden said Wednesday in the latest effort to address soaring gas prices.
Read more ...President Biden calls on Congress to suspend the federal gas tax for 90 days
13 days ago - By CNBC
With the national average for a gallon of gas hovering around $5, President Biden has called for a temporary suspension of the federal gas tax.
Read more ...Biden calls for 3-month suspension of gas and diesel taxes
13 days ago - By Stl Today
President Joe Biden is calling on Congress to suspend federal gasoline and diesel taxes for three months - an election-year move meant to ease financial pressures. But it's not clear Biden has the votes to suspend the taxes. Many lawmakers...
Read more ...Biden calls on Congress to suspend the gas tax - Here's what that means for prices at the pump
13 days ago - By CNBC
President Joe Biden called on Congress Wednesday to suspend the federal gas tax, as he tries to quell the rapid surge in prices.
Read more ...No Good Options for Biden Administration to Reduce Pump Prices
13 days ago - By Economy
A gas tax holiday, even if it were to pass Congress, would provide little relief for consumers.
Read more ...Biden wants a 3-month gas tax holiday. Obama once called it a "gimmick."
13 days ago - By Business Insider
President Barack Obama listens as Vice President Joe Biden speaks about the release of the Cancer Moonshot Report at the White House in Washington, DC, on October 17, 2016. Kevin Lamarque/Reuters
Biden called on Congress to pass a 3-month federal gas tax holiday.
Barack Obama, then a presidential candidate, torched the same idea in 2008 when John McCain and Hillary Clinton pushed it.
The history underlines the skepticism fellow Democrats and some economists have for the proposal.
President Joe Biden called on Congress on Wednesday to pass a three-month gas tax holiday as Americans face...
Read more ...
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