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Biden Gas Plan Will Worsen Inflation

President Biden said Monday he will soon make a decision about whether he should pursue a temporary pause on the federal gas tax.“Yes, I’m considering it,” Biden told reporters near his home in Delaware. “I hope to have a decision based on the data — I’m looking for by the end of the week.“Biden says he’s considering a federal gas tax holiday that could save Americans as much as 18.4 cents per gallon, and he’ll decide “by the end of the week” https://t.co/0mv1kNY1ZA pic.twitter.com/yTeHQQGMPV— Bloomberg Quicktake (@Quicktake) June 20, 2022A break from the 18.3‑cent-per-gallon federal tax would require congressional action, but Republicans have been quick to dismiss the idea as a gimmick, which is what Barack Obama also once considered it.  On the campaign trail in 2008, the then-senator said a gas tax holiday was only something lawmakers would do to “say that they did something.”“Oil companies like Shell and BP just reported record profits for the quarter and we’re arguing over a gimmick to save you half a tank of gas over the course of the entire summer so that everyone in Washington can pat themselves on the back and say that they did something,” Obama said at a 2008 …

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U.S. National Debt

The current U.S. national debt:
$34,573,199,545,841
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