The White House is urging a number of Republicans who have pressed to suspend or eliminate federal taxes on gasoline and diesel fuel to sign on to President Joe Biden's proposed gas tax holiday.
Biden is calling on Congress to pass legislation staying federal gas taxes through the end of the summer in an effort to pass down savings to consumers. The federal gas taxes funnel into the Highway Trust Fund, and White House officials have said the $10 billion in lost revenue from the tax holiday could be offset by deficit cuts overseen by the administration in 2021.
In 2008, Sens. Lindsey Graham , Richard Burr , and Roger Wicker co-sponsored a bill with the late Sen. John McCain that proposed suspending federal gas taxes from May 26 to Sept. 1 of that year. Like Biden's proposal, the bill also would also push"transportation motor fuels producers and other dealers [to] take necessary actions to reduce fuel prices to reflect such reduction in taxes.
"I think we've got to look at all those things," he said on the topic of a gas tax holiday in early March."I think we have to look at every tax and fee we have and say what's necessary and what's not necessary. How can we reduce the cost of living to American citizens? But here's what doesn't work: What doesn't work is not starting down that path. We've got to figure out how to be energy independent.
House Minority Leader Kevin McCarthy and other California Republicans began pressuring Gov. Gavin Newsom in March to suspend California's state gas taxes for six months. He and House Minority Whip Steve Scalise also supported a 2018 proposition that would have entirely repealed California's gas taxes, with each of their campaigns respectively donating $300,000 and $25,000.
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