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President Joe Biden speaks about gas prices in the South Court Auditorium on the White House campus, Wednesday, June 22, 2022, in Washington. (AP Photo/Evan Vucci) more > President Biden on Wednesday announced his plan to reduce sky-high gasoline prices that relied on just about everybody — state governments, Congress, oil companies — besides the White House to do something about it, but just about everybody involved panned the “call to action.”
Mr. Biden called for Congress to pass a three-month suspension of the 18.4-cent-per-gallon federal tax on gasoline and the 24-cent-per-gallon federal tax on diesel.
He urged states to pause their gas taxes, many of which are higher than the federal rate. The president also asked the oil industry to lower its profits while increasing supply and refining capacity.
“I’m doing my part,” Mr. Biden said. “I want the Congress, states and the industry to do their part as well.”
The White House said the actions, taken together, could reduce fuel prices by up to $1 per gallon.
The proposal met swift blowback from members of the president’s party. Democratic leaders in Congress revolted against his call to suspend the gas tax.
“I’m going to look at it — certainly — sympathetically, in the sense that the president is trying to do what I think is a good objective,” said House Majority Leader Steny H. Hoyer, Maryland Democrat. “What I’m not sure of is, in fact, that will have the intended effect … and whether it will save consumers money.”
Rep. Peter DeFazio, Oregon Democrat and chairman of the Transportation and Infrastructure Committee, said it was a “well-intentioned but ill-conceived policy.”“I’m going to be working against it,” he said. “I do not support suspending the gas taxes. You know what happens in this town? You suspend the tax, it’s gone forever. Because then what? This […]
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