- Mar 27, 2003
- Myrtle Beach, SC
White House takes new look at federal gas tax holiday
The White House is showing signs that it is more seriously considering a federal gas tax holiday, sources tell The Hill.
President Biden’s economic team has discussed the gas tax holiday recently and is expected to meet later this week for further talks.
The White House is under political pressure to do something to provide relief to Americans dealing with high inflation and rising gas prices. The economic storm has created serious headwinds for Democrats ahead of the midterms, where the party is worried about a shellacking.
“It’s definitely an option on the table,” said one Democrat close to the White House.
Suspending the federal gas tax would require an act of Congress, but a public push by Biden in favor of the policy could help spur action on Capitol Hill.
0.184 dollars a gallon in savings for gas. Aka brings back the last week prices lol
All the while increasing deficit spending and thus exacerbating the inflation issue.