The Refresh from Insider - Biden to propose gas tax holiday

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

United States Headlines News

United States Latest News,United States Headlines

President Biden calls on Congress to suspend federal gas and diesel taxes until the end of September. The White House says this could reduce gas prices by $1.

President Biden is expected to announce he’s suspending federal gas and diesel taxes until the end of September. Officials say Biden’s move could reduce the price of gas by one dollar per gallon.

But it won’t be a long-term solution, according to economists, who tell CNN that a gas tax holiday won’t resolve the underlying supply issues. Average gas prices recently dipped below 5-dollars a gallon, the first drop in more than two months.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Not effective

No thanks.

JustinTrudeau you paying attention chump?

wait isnt it 18c a gallon? lol

The federal gas tax is 18 cents/gal - how does that reduce the price by a dollar ?

This political BS move won't change the price of gas more than 17 cents a gallon. Prepare for more 'Russia, Russia, Russia' from the democrats regarding everything that the democrats have destroyed over 2 years.

But also increase demand...

To lower costs of gas at the pump people need to lower the usage. To lower consumption the President can call apon corporations to go to a 4 day work week and allow employees that work from home to continue until gas prices come down. This will bring down all prices.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Biden reverses Trump policy and commits to limiting US military's use of anti-personnel landminesThe new policy prohibits the use of the landmines by the US outside of the Korean Peninsula and bans the development, production and acquisition of the weapons FreeMaziNnamdiKanuNow Karnı aç olanlar değil, gözü aç olanlar dünyanın sonunu hazırlıyor! Forever Trump and down with Biden. Biden is not President!
Source: cnni - 🏆 326. / 59 Read more »

Biden administration is expected to move to cut nicotine in cigarettesThe Food and Drug Administration said it will propose requiring tobacco companies to lower nicotine to minimally addictive levels. What the hell the government was waiting for all these years? High tax revenue on cigarettes? So F ... obvious!! you knw this will make people smoke more cigs right? like if all i could get were Carltons when i smoked Camel Lights i would smoke 2 times more... idiocy... I am all for it, but sugar and excessive carbs are responsible for much worse but nobody wants to look at it.
Source: washingtonpost - 🏆 95. / 72 Read more »

Biden Signs Off on Hefty Pay Raise for Federal FirefightersAgencies are authorized to increase the base salary of federal wildland firefighters by $20,000 per year or 50% of their current base salary, whichever is lower Good. Deserved!!! Great! They deserve it...Now POTUS needs to quickly raise social security benefits for the often forgotten elderly who need it most--before the possibility of losing the House & Senate becomes real...and to do whatever it takes to preserve it! The clock is ticking..
Source: NBCLA - 🏆 319. / 59 Read more »

Biden to visit D.C. clinic following approval of Covid shots for kids under 5The president will be joined by first lady Jill Biden on the visit and afterward will deliver remarks at the White House about the long-awaited milestone.
Source: NBCNewsHealth - 🏆 707. / 51 Read more »

President Biden Insists US Recession Is Not Inevitable — Treasury Secretary Yellen Concurs – Bitcoin NewsPresident Joe Biden and Treasury Secretary Janet Yellen say that a U.S. recession is not inevitable, dismissing many economists' concerns. Bear signal I don’t understand nothing in that 😑
Source: BTCTN - 🏆 531. / 51 Read more »