Reuters

Biden asks Congress to pause gas tax to help lower record pump prices

U.S. President Joe Biden on Wednesday called on Congress to pass a three-month suspension of the federal gasoline tax to help combat record pump prices, but opposition from lawmakers within his own party suggests the request is unlikely to be met. In announcing his support for the suspension, Biden also echoed some of the concerns about its effectiveness, but said American families paying much more for gasoline, caused in part by Russia’s invasion of Ukraine, deserve some financial relief. “I fully understand that a gas tax holiday alone is not going to fix the problem but it will provide families some immediate relief, just a little bit of breathing room, as we continue working on bringing down prices for the long haul,” Biden said.

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