Federal gas tax holiday: Biden says it will provide ‘a little bit of relief’ – but experts say even that may be a stretch
Headline from The Conversation US, on the newest of 2 developments
We asked four experts to explain what gas taxes are used for and whether waiving them will make much of a difference to American households.
The Conversation US's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Developments in this update
2 dated developments, oldest first, newest marked. Each is named by one outlet's own headline; open its reports to see every outlet that covered it.
Biden is considering a gasoline tax holiday
Headline from WUSA9 ·
Newest
Federal gas tax holiday: Biden says it will provide ‘a little bit of relief’ – but experts say even that may be a stretch
The administration is increasingly looking for ways to spare the public from higher prices at the pump, which began to climb last year and surged after Russia invaded Ukraine in February. Gas prices nationwide are averaging just under $5 a gallon.
With regular gasoline around $5 per gallon, suspending the federal gas tax would provide a measure of relief for consumers, but Congress would need to take action.
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 Biden said Monday that he will decide on whether to suspend the federal gas tax by the end of the week to offer some relief to consumers facing painfully high prices at the pump.
REHOBOTH BEACH, Del. -- President Joe Biden said Monday that he's considering a proposal to temporarily suspend the collection of the federal gasoline tax, possibly saving U.S. motorists as much as 18.4 cents a gallon.
Drivers paying more than ever before at the pump could possibly see gas prices dip a bit, as President Biden on Monday said he’s exploring a federal gas tax holiday. “Yes, I’m considering it,” Biden told reporters about a potential gas tax holiday.
President Joe Biden says he’s considering pressing for a holiday on the federal gasoline tax. That could possibly save U.S. consumers as much as 18.4 cents a gallon. Biden told
REHOBOTH BEACH, Delaware (AP) — President Joe Biden said Monday that he will decide by the end of the week whether he would support a federal gasoline tax holiday, possibly saving U.S. consumers as much as 18.4 cents a gallon.
President Biden said he is considering a federal gas tax holiday, although his ex-boss, former President Obama, called such a move a “gimmick” in 2008.
President Biden is considering pausing the federal gas tax, but critics say the suspension could ultimately cause already red-hot inflation to spike even higher.
REHOBOTH BEACH, Del. — 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.
Inflation is the top issue for voters as fall's midterm elections near. Biden wants Congress to suspend the gas tax until the end of September in a bid to give consumers some relief.
The move is meant to help consumers at a time of sky-high inflation and gas prices -- and to help the president's sagging political standing. But it's already being met with skepticism.
A gas tax holiday means the typical taxes that are applied to purchases of gasoline and diesel are lifted for a period of time, offering a measure of relief to consumers. Both Republicans and Democrats in Congress have signaled opposition to a federal gas tax holiday.
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
