Biden weighs pause to federal gas tax to reduce prices

Sat, 02 Jul 2022

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.

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