President Biden on Wednesday called for a temporary gas tax holiday to help consumers in response to high prices at the pump.
“The price of gas is up dramatically around the world, and by almost $2 per gallon in America, since Putin began amassing troops on the border of Ukraine,” notes a White House news release.Biden reportedly wants an act from Congress that suspends federal gasoline and diesel taxes for three months. The former amounts to 18.4 cents per gallon, and 24.4 cents per gallon for the latter. With gas prices now averaging about $5 a gallon around the country, this would save consumers a reported 3.
Joe Manchin, who chairs the Senate Energy and Natural Resources Committee, told me this evening he’s “a little skeptical” of the gas tax holiday that Joe Biden plans to embrace, saying “there’s no guarantee” it will reduce gas prices.
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