Voice of America
22 Jun 2022, 21:06 GMT+10
washington - U.S. President Joe Biden is calling Wednesday for Congress to suspend the nation's federal gas tax to help consumers cope with a rise in prices linked in part to Russia's war in Ukraine.
Ahead of Biden's planned remarks about gas prices, the White House said in a statement the president is supporting suspending the tax of 18.4 cents per gallon until the end of September.
"President Biden understands that a gas tax holiday alone will not, on its own, relieve the run up in costs that we've seen," the White House said. "But the President believes that at this unique moment when the war in Ukraine is imposing costs on American families, Congress should do what it can to provide working families breathing room."
Most of the money from the federal gas tax goes toward road construction projects. The White House said other revenues could cover the "roughly $10 billion cost" of suspending the tax.
Average gas prices in the United States are at about $5 per gallon. Fuel prices around the world have risen in recent months, with rebounds in demand, refining capacity challenges and sanctions against major oil producer Russia among the contributing factors.
White House press secretary Karine Jean-Pierre told reporters Tuesday that the issue is a top priority for Biden and "all options are on the table."
"He's going to do everything that he can to make sure he relieves some pain and some pressure that Americans are feeling at the pump," Jean-Pierre said.
Opponents of suspending the tax, including some Democratic lawmakers, say the move would not address supply problems and would take money away from infrastructure needs.
Some information for this report came from The Associated Press and Reuters.
Get a daily dose of Ohio Standard news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Ohio Standard.
More InformationWASHINGTON D.C.: Due to surging food prices, summer cookouts for the U.S. Independence Day holiday are more expensive, forcing Americans ...
NEW YORK CITY, New York: Bette Nash, age 86, has been named the longest serving flight attendant in the world, ...
WASHINGTON D.C.: In a cardboard box factory outside Baltimore, people have been walking into the office of Paul Centenari, chief ...
WASHINGTON D.C.: Hershel "Woody" Williams, the final surviving Medal of Honor recipient from World War Two, has died at a ...
NEW YORK CITY, New York: After the first six months of 2022, the S&P 500 recorded a loss of 20.6 ...
SEATTLE, Washington: A Norwegian cruise liner has canceled its sailing and returned to port after damage was discovered following its ...
BRUSSELS, Belgium: Negotiations on a free trade agreement between the European Union and New Zealand ended successfully this week, paving ...
CAIRO, Egypt: Egyptian authorities have prohibited swimming in a stretch of the Red Sea after an Australian woman was killed ...
NEW YORK CITY, New York: Bette Nash, age 86, has been named the longest serving flight attendant in the world, ...
LONDON, England: A UK parliamentary committee has told lawmakers that they may not bring babies to parliamentary proceedings and debates.The ...
WASHINGTON D.C.: Hershel "Woody" Williams, the final surviving Medal of Honor recipient from World War Two, has died at a ...
SEATTLE, Washington: A Norwegian cruise liner has canceled its sailing and returned to port after damage was discovered following its ...