• Biden calls for gas tax holiday, but it's not a ‘total game changer' and could even cause ‘unintended effect'

    9 days ago - By Boston Herald

    President Biden on Wednesday called on Congress to suspend the 18-cent federal gas tax for the summer amid record-high prices at the pump, but industry analysts say the move would save drivers only a few dollars and could spark an “unintended effect.”
    With average gas prices hovering around $5 a gallon, Biden is pushing Congress to approve a three-month gas tax holiday through September. Also on Wednesday, the president called on states to suspend their own gas taxes or help consumers in other ways.
    Gas prices have surged since the start of Russia's invasion of Ukraine, hitting record...
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  • “It's Vile”: Dagen McDowell on Biden Blaming Putin For Bad Economy

    9 days ago - By FOX News

    President Biden called on Congress to suspend federal gasoline taxes for three months and urged states to suspend their own gas taxes. Biden also suggested Republicans who criticize him for high gas prices would have Putin roll over Ukraine.
    Dagen McDowell, anchor and analyst on Fox Business Network reacted:
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  • Biden calls for three-month federal gas tax holiday to ease pain at pump

    9 days ago - By NY Daily News

    Unlikely to pass a gas tax holiday through the Senate, Majority Leader Chuck Schumer said that Democrats will focus instead on their bill to crack down on oil companies “manipulating the market” for higher prices and profits. “We're going to focus on that issue,” Schumer said.
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  • Biden pitches plans to bring down gas prices

    Biden pitches plans to bring down gas prices

    9 days ago - By Arizona Daily Star

    President Joe Biden on Wednesday called on Congress to suspend federal gasoline and diesel taxes for three months - an election-year move meant to ease financial pressures that was greeted with doubts by many lawmakers. The Democratic president also called...
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  • EXPLAINER: How Biden's proposed gas tax holiday would work

    9 days ago - By My Sanantonio

    WASHINGTON - Facing stubbornly high gas prices that average about $5 a gallon nationwide, President Joe Biden on Wednesday urged Congress to suspend federal gasoline and diesel taxes for three months.
    If savings from the 18.4 cents-a-gallon federal tax on gas are fully passed along to consumers, drivers would save about $2.76 for a 15-gallon fill-up.
    It's unclear, though, if Biden can push his proposal through Congress, where lawmakers, including some Democrats, are skeptical or even opposed to the idea. Many economists also are wary of a gas tax holiday.
    A look at how the proposed gas tax...
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  • White House economic adviser defends Biden's gas tax holiday

    9 days ago - By NPR

    NPR's Mary Louise Kelly talks with Cecilia Rouse, who chairs the White House Council of Economic Advisers, about Biden calling on Congress to suspend the federal gas tax.
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  • Biden blames Russia for gas prices as he presses Congress, states and oil companies

    Biden blames Russia for gas prices as he presses Congress, states and oil companies

    9 days ago - By Politico

    President Joe Biden on Wednesday again blamed Russia's war in Ukraine for recent hikes in fuel prices, as he pushed for Congress to suspend the federal gas tax.
    “We could have turned a blind eye to Putin's murderous ways,” Biden said in a short speech at the White House, referring to President Vladimir Putin of Russia. “The price of gas wouldn't have spiked the way it has. I believe that would have been wrong.”
    The president contrasted the bipartisan support for Ukraine with criticism of his administration on rising gas prices. His administration has faced mounting disapproval for...
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  • ‘Bit of relief': Biden calls for three month gas tax holiday

    9 days ago - By Al Jazeera

    Asks states to suspend their taxes; refineries, energy companies to pass savings to consumers.
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  • Biden's call for Congress to suspend federal gas taxes is landing with a thud with everyone ranging from McConnell to Pelosi

    9 days ago - By Business Insider

    President Joe Biden. AP Photo/Patrick Semansky
    Biden called on Congress to suspend federal gas taxes for three months on Wednesday.
    But he has very few allies to count on in Congress.
    Schumer and Pelosi didn't endorse the plan and McConnell panned it.
    President Joe Biden urged Congress on Wednesday to suspend the 18 cent federal gas tax and a 24 cent per gallon tax on diesel for three months in an effort to slash rising prices at the gas pump. It comes as the national average for a gallon of gas hovers around $5 with no sign of dropping anytime soon. "Today I'm calling on Congress to...
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