President Joe Biden is preparing to call on Congress to suspend the federal gasoline and diesel taxes for three months.
“If you notice, until gas prices started going up,” Biden said, “things were much more, they were much more optimistic.”The president can do remarkably little to fix prices that are set by global markets, profit-driven companies, consumer demand and aftershocks from
seen over the past 12 months in the U.S. comes from higher commodity prices due to Russia’s invasion and continued disruptions from the coronavirus. Republican lawmakers have tried to shift more blame to Biden, saying he created a hostile environment for domestic oil producers, causing their output to stay below pre-pandemic levels.
Democratic House Speaker Nancy Pelosi has previously expressed doubts about the value of suspending the federal gas tax.
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