When the tax is just $0.18 per gallon, how much will consumers really notice? And what's to stop oil companies from raising prices again?
The U.S. federal government currently taxes fuel at 18 cents per gallon for gasoline and 24 cents per gallon for diesel and President Biden’s proposal to Congress would give drivers temporary price relief through September.
One of the considerations taken by the White House, according to the New York Times, is this November’s midterm elections. President Biden won’t be on the ballot, but plenty of Democrats face tough challenges. The U.S. economy is faring pretty well by just about every traditional measure, with low unemployment, rising wages, and
, but inflation and soaring fuel costs are taking a huge bite out of the wallets of everyday Americans.Biden will also encourage states to suspend their own gas taxes, which can vary widely across the country. Pennsylvania has the highest gas tax in the state, at $0.57 per gallon, while states like Florida tax gasoline at just $0.19 per gallon.
The U.S. isn’t the only country that’s tried a temporary gas tax holiday in recent months. Australia cut its federal gas tax in half from 44 cents to 22 cents per liter, which expires in
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
President Biden calls for 3-month federal gas tax holidayJUST IN: President Biden will call on Congress to suspend the federal gas tax for three months and ask states to suspend their own gas taxes or provide commensurate relief to consumers.
Les mer »
Biden administration to propose rule to limit nicotine levels in cigarettesThe rule is expected in May 2023 and would be crafted with the goal of making it easier for tobacco users to quit and help prevent youth from becoming regular smokers.
Les mer »
Biden to call for 3-month suspension of gas and diesel taxesPresident Joe Biden is preparing to call on Congress to suspend the federal gasoline and diesel taxes for three months.
Les mer »
Biden to call for 3-month suspension of gas and diesel taxesPresident Biden will call on Congress to suspend federal gasoline and diesel taxes for 3 months — a move meant to ease financial pressures at the pump.
Les mer »
Biden to call for 3-month suspension of gas and diesel taxesPresident Biden will call on Congress to suspend federal gasoline and diesel taxes for 3 months — a move meant to ease financial pressures at the pump.
Les mer »
Biden to call for 3-month suspension of gas and diesel taxesPresident Joe Biden is preparing to call on Congress to suspend the federal gasoline and diesel taxes for three months.
Les mer »