Biden to Demand 3-Month Gas Tax Suspension

• The White House wants to discontinue the tax of 18 cents per gallon until September.
• Calls on US states, which also tax at the pump, to do the same.
• Prices have gone up almost $2 a gallon since Russian President Vladimir Putin began building up forces in Ukraine.

Biden to Demand 3-Month Gas Tax Suspension. The White House intends to stop charging 18 cents a gallon of gasoline; and will ask the other US states that levy fees at the pump to follow suit.
As a result of soaring petrol prices two months before the critically important mid-term elections; US President Joe Biden will ask Congress on Wednesday to suspend the federal gas tax; for three months.

In order to “provide direct relief to American consumers who have been hit with Putin’s price hike;” a senior administration official said, the White House wants to stop charging the 18 cents per gallon tax; until September and will urge US states that also charge at-the-pump taxes to follow suit.

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The official pointed out that since Russian President Vladimir Putin; started amassing troops on the Ukrainian border earlier this year; prices had increased by approximately $2 per gallon.

The Highway Trust Fund, which supports public transportation and pays for road maintenance; is supported in part by federal taxes on gasoline and diesel; but Biden will urge Congress to make sure the fund is not harmed by the lost revenue.

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