President 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.
The president asked lawmakers to suspend the federal gas tax, while also pushing for state relief and increased refinery capacity.
Link Copied“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.”
for near-record levels of inflation..In a statement Wednesday, House Speaker Nancy Pelosi expressed continued support forIn his speech, the president said states should also find other solutions to lower consumer gas prices, such as eliminating their own gas taxes or offering rebates to households.Read more: POLITICO »
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I’m betting a 90% windfall profits tax on obscene energy company profits would push the price down quickly. They are likely nuts for growing gas. No⛽ from Russia poor Biden 🤣🤣🤣🤣🤣 So get Zelensky to settle! Fact checkers investigated Biden's claim and found it to be completely false. In reality, it's the fossil fuel companies price gouging that's pushed up prices, with a side-order of sanctions on multiple oil producing countries.
Of course he did. Nothing is his fault! The oil companies, Trump and now Putin are to blame apparently. open the pipe line . plan on building more pipelines. don't push a green crisis when Europe is firing up coal plant your causing a crisis so china can make trillions in slave labor camps mining lithium but democrats love slaves they ll run on it in 50 years .
Today is 6/22/22 and Joe Biden and his band of hooligans are the worst presidential administration in American history.
Biden will call on Congress to pause gas tax for 3 monthsPresident Joe Biden will call on Congress Wednesday to pause the federal gas tax for three month as Americans across the country deal with record-high gas prices. How about cutting govt payroll by 50%? We dont need half the clowns working within the govt anyway. Bloated salaries and benefits, FOR LIFE He raises priced $3/gallon, lowers them 18 pennies, and wants us to thank him. WE ARE NOT THAT DUMB. November 2022, and 2024, are coming. As California raises the gas tax…. Unreal
Biden to ask Congress to suspend gas tax for three monthsPresident Biden will ask Congress to suspend the federal gas tax through September, a move that could shave off 18 cents per gallon to help consumers battling record prices at the pump, officials said. Seriously? A whole 18 cents? That’s a meaningless thing to do. Unfortunately, it’s the only thing the President has the power to implement.
Biden calls on Congress to suspend federal gas taxNEW: President Biden today will call on Congress to suspend the federal gas tax for three months, ask states to do the same and demand that oil and gas companies boost production. WOW SO HELPFUL Refineries are already at 94-96% capacity. At least the ones that haven’t converted or shutdown due to bidens policies. Not to mention he halted the expansion of a refinery in the Virgin Islands. What a boob
Biden to ask Congress to pause gas tax amid record pump pricesU.S. President Joe Biden on Wednesday will call on Congress to pass a three-month suspension of the federal gasoline tax to help combat record pump prices, according to a senior administration official.
Biden to urge Congress to suspend federal gas and diesel taxes for 3 monthsBiden wants to suspend the 18.4 cents-a-gallon tax on gas and 24.4 cents-a-gallon on diesel fuel, administration officials say. Prices are averaging about $5 a gallon nationwide. Economics 101 more supply Increase the supply stupid. Prices will come down when supply exceeds demand. Let US companies explore, drill, refine, distribute. The Biden administration is clueless. “Here’s the situation. And when it comes to the gas prices, we’re going through an incredible transition that is taking place that, God willing, when it’s over, we’ll be stronger and the world will be stronger and less reliant on fossil fuels when this is over,' Biden said,
Biden asks Congress to suspend gas tax for three months amid surging prices at the pumpsThe move is meant to help consumers at a time of sky-high inflation and gas prices — and to help the president's sagging political standing. But it's already being met with skepticism. Now watch every republican vote against this and then complain Biden isn’t doing anything to help Americans 🙄 Americans call your senators call your congressional leaders and tell them to do their damn jobs 🤬 Open up domestic production, that will make a big difference. Next up, he will screw up student loans just before the mid-terms.
President Joe Biden asked oil companies to increase refining capacity and pass “every penny” of their savings from the proposed gas tax holiday on to consumers.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.Print WASHINGTON — move that could shave off 18 cents per gallon to help consumers battling record prices at the pump, senior administration officials said.that suspending the tax can actually lower prices at the pump.
By 06/22/2022 03:49 PM EDT Link Copied The White House on Wednesday again blamed Russia’s war in Ukraine for recent hikes in fuel prices, as President Joe Biden pushed for Congress to suspend the federal gas tax. Both Biden and Energy Secretary Jennifer Granholm acknowledged on Wednesday that a gas tax holiday wouldn’t be enough on its own to counteract the forces raising gas prices, but framed it as an important step in a continuing process to help American consumers as oil supplies are constrained. Gas prices have soared by 50% nationwide over the past year. “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. Republicans are not likely to support any Democratic gas tax holidays, arguing that such measures are political theater that will do little to make long-term dents in oil prices. “The price of gas wouldn’t have spiked the way it has. The official suggested that the federal government's budget deficit shrinking by $1. I believe that would have been wrong. Revenue from the tax is dedicated to the Highway Trust Fund to help build federal roads and bridges.
” The president contrasted the bipartisan support for Ukraine with criticism of his administration on rising gas prices.S. oil production. His administration has faced mounting disapproval for near-record levels of inflation. “Are you saying that we would rather have lower gas prices in America and Putin’s iron fist in Europe?” Biden said. OBAMA CALLED GAS TAX HOLIDAY A ‘GIMMICK’ IN 2008 AS BIDEN NOW SAYS HE'S CONSIDERING IT The federal government currently charges 18 cents in taxes per gallon of gasoline and imposes a 20% tax for each gallon of diesel, the official said. “I don’t believe that. As of Monday, California had the highest average gas price of any state at $6.” Biden asked oil companies to increase refining capacity and pass “every penny” of their savings from the proposed gas tax holiday on to consumers. The Penn Wharton Budget Model published estimates Wednesday revealing that gas tax holidays in Georgia, Maryland and Connecticut saved consumers money at the pump." Biden has summoned the — Marathon Petroleum, Valero Energy, ExxonMobil, Phillips 66, Chevron, BP and Shell — to Washington on Thursday to meet with Energy Secretary Jennifer Granholm.
Earlier Wednesday he called for a three-month suspension of the 18-cent-per-gallon federal gas tax, but it seems . The conversation between the administration and both Democrats and Republicans is ongoing, Granholm said. The cost of gas began to soar last fall and continued to rise following Russia's invasion of Ukraine in late February, although the administration is framing the increase in gas prices as the "Putin price hike. Biden plans to ask lawmakers to ensure the suspension doesn’t hurt the Highway Trust Fund, which is partially funded by the federal gas tax. “I would hope that both sides of the aisle are listening to their constituents about getting relief,” she said at the daily White House press briefing. In a statement Wednesday, House Speaker Nancy Pelosi expressed continued support for bills passed by House Democrats related to gasoline prices . "He's calling on states to suspend their gas taxes or else find other ways to deliver the same relief, such as consumer rebates or relief payments. As for the president’s proposal, she said: “We will see where the consensus lies on a path forward. Advertisement President Biden says that recession is ‘not inevitable’ Biden bristles at claims by Republican lawmakers that last year’s COVID-19 aid plan was fully to blame for inflation reaching a 40-year high, calling that argument ‘bizarre. What they're saying: "A federal gas tax holiday is basically a tax cut," said Justin Wolfers, a professor of public policy and economics at the University of Michigan, who derided the idea in 2008 when Sen.
” In his speech, the president said states should also find other solutions to lower consumer gas prices, such as eliminating their own gas taxes or offering rebates to households.C. A combination of all Biden’s requests — a federal gas tax holiday, state gas tax holidays, increased refinery capacity and oil companies and gas stations passing on savings to consumers — could lower gas prices by about a dollar a gallon, he said. Granholm said she planned to speak with executives from major domestic refiners on Thursday. "He is also calling on the industry to put its record profits to work and step up with more supply and more refining capacity to bring down gas prices and specifically calling for major oil refineries to come to the table with concrete solutions when the secretary of energy convenes them later this week," the official said. The price rose further when the U. “We need them to come to the table,” she said. The federal gas tax is used to fund highways, but Biden said highways would continue to be maintained through higher tax revenues and a lower deficit this year. The national average for a gallon of gas currently sits at near $5. “While many economists call it a gimmick, if President Biden aligns the timetable to the heightened driving months like this summer, then it can truly help offset some of the direct rise caused from the Ukraine-Russia crisis.
“We can do both at the same time,” Biden said. The sanctions have made it more difficult for Russia to sell its oil. “We can bring down the price of gas and give families just a little bit of relief.114 per gallon in July 2008.” In the long term, Biden said, the experience of rising gas prices demonstrates a need for electric vehicles, expanded public transportation systems and alternative energy resources such as wind, solar and nuclear. Filed under: . But oil refiners have said their ability to produce additional gas and diesel fuel is limited.