Biden’s 3-Month Gas Tax Holiday Plan: Congress and Economists Skeptical

Objectivity 3.6 | Credibility 4.0 | Relevance 4.8

As energy prices continue to surge, Biden is calling for a suspension of federal gas and diesel taxes through September to help American consumers.  Lifting the gas tax is opposed widely by Republicans, some Democrats, and even Barack Obama who derided it as a “gimmick” in 2008.  Economists are skeptical, saying minimal savings will be passed along to consumers since retailers raise the base price to make up the difference.