Biden has also encouraged oil companies and refiners to boost capacity and output to get more supply on the market.
“With our deficit already down by a historic $1.6 trillion this year, the President believes that we can afford to suspend the gas tax to help consumers while using other revenues to make the Highway Trust Fund whole for the roughly $10 billion costs,” administration officials wrote. In places like Michigan and Minnesota, states and local leaders are considering several forms of consumer relief – from temporary suspensions and pauses on state sales tax on gas to consumer rebates and relief payments, administration officials noted further.The White House noted that the latest announcement follows a series of actions the President has taken to lower gas prices for American families.
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