- Biden called on
Congress to suspend federal gas taxes for three months on Wednesday. - But he has very few allies to count on in Congress.
President
"Today I'm calling on Congress to suspend the Federal gas tax for the next 90 days, through the busy summer season, busy travel season," he said on Wednesday. Biden also urged states to cut gas taxes on their own as well to provide Americans with additional financial relief.
But he has very few allies to count on in Capitol Hill, rendering it all but dead on arrival. Many in his own party are bolting from the idea and
Economists have long viewed the idea with skepticism as well. "Whatever you thought of the merits of a gas tax holiday in February it is a worse idea now," Jason Furman, a former top economist to President Barack Obama, wrote on Twitter.
In recent months, the White House has taken steps to boost oil supply such as ordering a massive release of oil from the Strategic Petroleum Reserve, paired with an easing of regulations on biofuels. But that has done little to quell the inflationary surge in gas prices, largely stemming from Western sanctions on Russia's energy sector to punish the Kremlin for invading Ukraine.
House Speaker
"We will see where the consensus lies on a path forward for the President's proposal in the House and the Senate," she said in a Wednesday statement. Senate Majority Leader Chuck Schumer similarly declined to endorse Biden's and didn't commit to putting a bill on the floor.
Other Democrats were not on board either. Sen. Joe Manchin of West Virginia, a conservative Democrat with outsized influence over Biden's agenda, said he was uneasy with the idea. "I'm not a yes right now, that's for sure," Manchin told ABC News.
Sen. Tom Carper of Delaware called it on Twitter a "shortsighted and inefficient way to provide relief."
Republicans were uniformly against it. Senate Minority Leader