Biden weighs pause to federal gas tax to reduce prices

Robert Besser
23 Jun 2022, 15:03 GMT+10

The Biden administration is evaluating a pause on federal gas taxes as an option to help reduce prices at the pump
The Biden administration is facing record high gasoline prices and inflation, now at a 40 year high
U.S. Energy Secretary Jennifer Granholm repeated Biden's position that a recession is "not inevitable"

WASHINGTON D.C.: U.S. Energy Secretary Jennifer Granholm has said that the Biden administration was evaluating a pause on federal gas taxes as an option to help reduce prices at the pump.

Granholm said the president is currently reviewing a temporary halt to charging federal gas taxes, telling CNN that such a move was "not off the table."

Granholm's comments come as the Biden administration faces record high gasoline prices and inflation, now at a 40 year high.

Granholm has repeated Biden's position that a recession is "not inevitable," noting that labor market and consumer spending remained strong.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Taiwan Sun.

More Information

32 ℃

Mostly Cloudy in Taipei/Songshan

Business

Section

Investors pull plug on share markets in Asia, Nikkei 225 falls 245 points

NEW YORK, New York - Stocks in Asia fell sharply on Wednesday following large falls on Wall Street blamed on ...

Expect Indian inflation over 6%, says Reserve Bank of India deputy

NEW DELHI, India: Reserve Bank of India (RBI) deputy governor Michael Patra says India's retail inflation is likely to breach ...

US airports saw 2.45 million air passengers on June 24

WASHINGTON D.C.: Despite weather and staffing issues resulting in travel disruptions, last week the U.S. Transportation Security Administration (TSA) screened ...