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REAL WORLD EVENT DISCUSSIONS
Biden officially backs gas tax holiday
Thursday, June 23, 2022 8:18 AM
6IXSTRINGJACK
Quote:His federal effort, however, is likely to face high hurdles in Congress amid skepticism from both Republicans and members of his own party. Opponents have raised concerns about whether the suspension will be effective — saying some of the cut may not get passed to consumers — and have also noted that the taxes the government collects goes toward the Highway Trust Fund, which helps pay for the country’s infrastructure needs. Biden sought to assuage those concerns in his speech, arguing it’s possible to address highway funding at the same time and calling on companies to pass the potential suspension to consumers. “With the tax revenues up this year and our deficit down over $1.6 trillion this year alone, we’ll still be able to fix our highways and bring down prices of gas, we can do both at the same time,” he said.
Saturday, June 25, 2022 7:48 PM
JAYNEZTOWN
Saturday, June 25, 2022 10:24 PM
Quote:Originally posted by JAYNEZTOWN: Biden Pushes For 3-Month Federal Gas Tax Suspension
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