President Biden on Wednesday called on Congress to suspend the federal gas tax for three months and asked states to suspend their own gas taxes or provide commensurate relief to consumers.
The federal government charges an 18.4-cent tax per gallon of gasoline and a 24.4-cent tax per gallon of diesel. Suspending the tax for three months — through the end of September, will cost about $10 billion, the White House said.
“I fully understand that the gas tax holiday alone is not going to fix the problem,” Biden said in remarks delivered from the South Court Auditorium. “But it will provide families some immediate relief, just a little bit of breathing room, as we continue working to bring down prices for the long haul.”