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In June 2022, President Joe Biden revived the idea of a federal gas tax holiday during a surge in inflation, including rising gasoline prices. [10] However, there was enough opposition in Congress that the proposal appeared unlikely to gain enough votes to pass.
President Joe Biden said Monday that he is seriously considering temporarily halting the federal gas tax as the White House looks to take steps to lower the cost at the pump ahead of the July 4 ...
So if consumers got, say, 75% of the benefit of a gas tax holiday, prices would fall by about 14 cents per gallon, or about $2.10 for a 15-gallon fill-up. Don't spend it all in one place.
President Biden will call on Congress to pass legislation creating a federal tax holiday on gas and diesel fuel for three months, administration officials said.
Gas prices have skyrocketed in recent months — prompting Americans to question what the federal government is doing to ease the pain at the pump. What is Gas Tax Holiday? Biden's Proposal Explained
Unlikely to pass a gas tax holiday through the Senate, Majority Leader Chuck Schumer (D-N.Y.) said that Democrats will focus instead on their bill to crack down on oil companies “manipulating ...
REHOBOTH BEACH, Del. (AP) — President Joe Biden said Monday that he's considering a federal holiday on the gasoline tax, possibly saving U.S. consumers as much as 18.4 cents a gallon.
President Joe Biden on Wednesday called on Congress to declare a fuel tax holiday through September, but the request is generating little excitement on Capitol Hill, with few lawmakers expressing ...