Biden to propose three-month federal gas tax holiday to ease soaring prices at the pump

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President Biden today will call on Congress to give drivers a break by instituting a gas tax holiday The president will urge lawmakers to suspend federal gas and diesel taxes for three months and call on states to suspend their taxes or provide similar relief If the federal savings were fully passed along people would save roughly 3.6% at the pump with prices averaging about $5 a gallon The president's earlier efforts have done little to ease high gas prices which are a fundamental threat to both his policy and political aims Many economists and lawmakers from both parties though are skeptical about gas tax suspensions In 2008 Biden's White House running made called the idea a gimmick One Barack Obama said simply let politicians say they did something Sagar

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