Biden’s proposed federal tax cut on gas could cost dearly in the future

Posted on AllSides June 24th, 2022
From The Left
Brandon Bell/Getty Images
OPINION

America’s hard-pressed drivers may be about to receive a holiday. On Wednesday Joe Biden called on Congress to suspend the federal tax on gas and diesel until September as the country struggles with soaraway costs at the pump. But experts warned the tax holiday is unlikely to have a major impact on prices and will probably further harm the US’s already battered roads and bridges. If the tax cut even gets passed.

Blaming Russia’s invasion of Ukraine for the surge in gas prices Biden proposed cutting the 18-cents-a-gallon federal taxes...

Read full story

AllSides Picks

https://www.theguardian.com/business/2022/jun/23/biden-federal-tax-cut-gas-future-cost-increase

More News about Energy from the Left, Center and Right

From the Left

From the Center

From the Right