News

Biden Pushes Gas Tax Holiday As Prices Reach Record Levels

In an effort to curtail rising gas prices, President Joe Biden is pushing Congress to implement a “gas tax holiday” where the federal gas tax would be temporarily suspended.

The administration is facing increasing pressure from Americans as gas prices average over five dollars a gallon.

In a conversation with reporters, Biden assured the country that efforts were underway to find additional ways to reduce costs.

“I hope I have a decision based on the data I’m looking for by the end of the week,” Biden said.

Subscribe to our free weekly newsletter!

A week of political news in your in-box.
We find the news you need to know, so you don't have to.

The move would require approval from Congress, but the outlook is still unclear for the legislation. In the past, Democrats have suggested the gas tax holiday but Senate Minority Leader Mitch McConnell (R-Kentucky) has dismissed the suggestion.

With the midterm elections approaching, Democrats want to implement any relief measures as quickly as possible. According to data from the AAA, the price for ordinary gas is $4.98 per gallon.

Though the Biden administration has released supply from oil reserves, the effect of action has been negligible with gas prices falling only slightly.

In a letter directed to oil companies, Biden criticized their profits and lack of initiative to lower prices for consumers.

The President is also set to meet the top executives of oil companies in the coming weeks.

Bryan Aung

Recent Posts

Elon Musk Set To Leave Trump Administration After Wisconsin Election Disaster

Controversial tech billionaire Elon Musk will leave the Trump Administration in the next month, President…

4 hours ago

VIDEO: Sen. Cory Booker Breaks Record For Longest-Ever Senate Speech Protesting Trump Policies

https://youtu.be/ZLOWOkWhEag Sen. Cory Booker (D-New Jersey) held the Senate floor with a historic speech that…

21 hours ago

Democratic-Backed Judge Susan Crawford Wins Seat On Wisconsin Supreme Court By Wide Margin In Major Rebuke Of Elon Musk

Democratic-backed Judge Susan Crawford won a seat in the Wisconsin Supreme Court after beating Republican-backed…

1 day ago

Trump Claimed He Hadn’t Read Project 2025 During Campaign, But His Executive Actions Align Closely With Its Proposals

President Donald Trump surprised his administration last week by proposing that the country's primary disaster…

2 days ago

Social Security Administration At ‘Risk Of Collapse’ After DOGE Cuts, Former Head Martin O’Malley Warns

The former head of the Social Security Administration (SSA), Martin O’Malley, has issued another dire…

2 days ago

J.D. Vance’s Visit To Greenland Falls Flat As He Criticizes Denmark’s Rule Of The Island

Vice President J.D. Vance has accused Denmark of under-investing in Greenland’s security. His comments, made…

3 days ago