Biden Expected to Call for Temporary Federal Gasoline Tax Suspension
Share this @internewscast.com



WASHINGTON—President Biden is planning to call for a temporary suspension of the federal gasoline tax, according to people familiar with the matter.

Mr. Biden and his advisers have been discussing the issue for months in the midst of increasing political pressure to take action to address record-high gas prices. The announcement is expected Wednesday, some of the people said. The White House said Mr. Biden would deliver remarks on gas prices at 2 p.m. Eastern Time, but didn’t provide any details on the speech.

Share this @internewscast.com
You May Also Like

European Champion Jill Scott Hopes To Bring Community Together In Coffee Shop Venture

LONDON, ENGLAND – JULY 31: Jill Scott of England celebrates with her…

Truck-Driver Pay Rose 11% Amid Strong Freight Demand Last Year

Wages for truck drivers rose at a double-digit pace last year as…

SBI Group reports investee getting CFTC approval for OTC derivatives trading in US

The United States subsidiary of electronic trading platform developer Clear Markets has…

Health And Wellness Disruption Gets Personal

This story appears in the August/September 2022 issue of Forbes Magazine. Subscribe…

Second-day takeaways from the Cointelegraph team

Korea Blockchain Week (KBW) 2022 wrapped up its two-day mainstage events this evening,…

Worried Your Phone Is Spying On You? Just Wait Until You’re Inside It

A new paper demonstrates just how easy it is to access VR…

Alex Jones Has $49.3M Tax Write Off, But Plaintiffs Pay IRS Tax On Verdict

A Texas jury in Alex Jones’ defamation trial rendered a verdict, ordering…

Mainland Moves As Apple Ecosystem Flies And Hong Kong Shorts Scramble

China Last Night KraneShares Key News Asian equities followed yesterday’s strong move…