BREAKING NEWS: President Biden to call for a 3-month federal gas tax holiday
will ask Congress on Wednesday to suspend the federal gas tax until September as Americans across the country grapple with soaring prices as the pump.without stripping money from the Highway Trust Fund that finances highways and mass transit."I want to be very clear, the president is calling on Congress to take this step to help American families without harming the Highway Trust Fund, which is funded by these taxes," a senior administration official said Tuesday evening.
in late February, although the administration is framing the increase in gas prices as the "Putin price hike." "And when the cost of oil does come down as it has over the last couple of weeks, the president is calling on retailers to properly lower their prices and pass the savings on to consumers," the official continued.
And Chevron CEO Michael Wirth wrote a letter to Biden Tuesday pointing out that the company works every day to "help provide the world with the energy it demands and to lift up the lives of billions of people who rely on these supplies."
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