President Joe Biden on Wednesday will call on Congress to suspend federal gas taxes through September in an effort to take some of the sting out of high gas prices.
The president will be asking for legislation to suspend both the roughly 18-cents-per-gallon tax on unleaded gasoline and the roughly 24-cents-per-gallon diesel tax for three months, according to senior administration officials.
“I want to be very clear, the president is calling on Congress to take this step to help American families without harming the Highway Trust Fund, which is funded by these taxes. With the deficit already down by a historic $1.6 trillion this year, the president believes we can afford to suspend the gas tax and help consumers while using other revenues to make the trust fund whole for the roughly $10 billion cost,” one of the officials said.
