Succumbing to mounting pressures within his own party, President Biden appears to be on the precipice of possibly suspending the federal gas tax for a temporary period to ease prices at the pump this summer.
Keep in mind that a year ago, the average price was around $3.00 per gallon nationwide so knocking 18 cents off the current average of around $5.00 per gallon doesn’t seem as impactful as it could be.
While the paltry 18.3 cents per gallon in federal tax on gasoline isn’t much to sneeze at, it is at least in the category of “doing something” to help ease the pain at the pump caused directly by Joe Biden’s energy policies. Drivers, for what it’s worth, will probably take anything they can get to chip away the total cost to fill their tank this summer.
Why the sudden change of heart from encouraging Americans to enjoy this course change away from fossil fuels? It may just be political realities of the midterms sinking in and weary Congressional Democrats screaming for a lifeline:
Biden told reporters he is considering a pause on the federal gas tax, which some lawmakers in his party have pushed as a way to reduce prices at the pump for Americans.