Biden to call for three-month suspension of federal gas tax as prices skyrocket

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Biden to call for three-month suspension of federal gas tax as prices skyrocket
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Facing growing public anger over the rising cost of gas, several states including New York and Connecticut have already suspended fuel taxes, while others have delayed planned tax increases.

WASHINGTON - US President Joe Biden will ask Congress Wednesday to suspend the federal gas tax for three months as skyrocketing prices cause widespread anger among Americans just months before crucial mid-term elections.

The official noted that prices had gone up almost $2 a gallon since Russian President Vladimir Putin began building up forces on the Ukrainian border earlier this year. "With our deficit already down by a historic $1.6 trillion this year, the president believes that we can afford to suspend the gas tax to help consumers while using other revenues to make the Highway Trust Fund whole for the roughly $10 billion cost," the official said.

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America is considering emergency measures to deal with R18 per litre petrol | BusinessinsiderAmerica is considering emergency measures to deal with R18 per litre petrol | BusinessinsiderUS President Biden is weighing a pause on the federal gas tax equivalent to R0.65 per litre as Americans feel the pinch of soaring prices.
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