You Searched For "federal gas tax" and got 20 results
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2 mins read
Democratic Rep. calls on Biden to oppose suspension of the federal gas tax
"There is no guarantee a gas tax suspension would reduce prices ... or stem the broader inflation a…
John L. Dorman
2 mins read
Treasury Secretary Janet Yellen says a federal gas tax holiday is 'certainly worth considering'
"President Biden wants to do anything he possibly can to help consumers," she said on ABC's "This W…
John L. Dorman
2 mins read
Biden's call for Congress to suspend federal gas taxes is landing with a thud with everyone ranging from McConnell to Pelosi
Many Democrats are bolting from Biden. Obama's former top economist said it was a "worse idea" now …
Joseph Zeballos-Roig
1 min read
Biden says he's considering a federal gas-tax holiday and sending Americans gas-rebate cards to alleviate pain at the pump
Biden is weighing a pause on the federal gas tax of 18.4 cents a gallon as Americans feel the pinch…
Sarah Jackson
2 mins read
A pair of Senate Democrats want to suspend the federal gas tax through the end of 2022
Sens. Maggie Hassan and Mark Kelly face tough re-election bids this fall. They're calling to cut co…
Joseph Zeballos-Roig
2 mins read
Democrats weigh suspending federal gas tax to cut prices at the pump while Biden's economic agenda is on ice
Sen. Joe Manchin threw cold water on shelving the gas tax through 2022 to combat inflation. Some Re…
Joseph Zeballos-Roig
3 mins read
Biden wants a 3-month gas tax holiday. Obama once called it a "gimmick."
Obama called a three-month gas tax suspension a "gimmick" in 2008. Now Sens. Mark Kelly and Maggie …
Brent D. Griffiths,Joseph Zeb…
1 min read
Target CEO says Biden's gas tax holiday would only 'fuel the demand' without fixing any of the supply problems
"It's time to fundamentally change the supply and demand curves for fuel and transportation," the r…
Dominick Reuter
2 mins read
Cheaper oil and gas won't prevent a 75-basis-point hike as inflation runs rampant - and the Fed might get even more aggressive, BofA says
"We think the main takeaway from the June inflation data is that underlying price pressures remain …
Phil Rosen
3 mins read
Some Democrats are pushing to cut gas taxes through 2022, but Obama torched the idea years ago
Obama called a three-month gas tax suspension a "gimmick" in 2008. Now Sens. Mark Kelly and Maggie …
Brent D. Griffiths,Joseph Zeb…
3 mins read
Ron DeSantis signs $1.2 billion in tax breaks for Floridians to fight 'Bidenflation headwinds,' though Biden's stimulus will help pay for it
Florida is using $200 million in funding from the American Rescue Plan to fund its 25-cent, monthlo…
Kimberly Leonard
5 mins read
There is no good solution to the kind of inflation we're seeing right now
Today's inflation is historically fast and widespread. There are potential fixes, but each comes wi…
Ben Winck
2 mins read
Oil prices fall 7% as recession fears mount and Biden calls for a 3-month gas tax holiday
A federal gas tax holiday is "only going to fuel the demand... It's doing nothing to increase suppl…
Matthew Fox
3 mins read
How President Biden's symbolic gas tax cut will impact oil markets
President Biden made a symbolic gas tax cut, and the latest dispatch from the NFT.NYC conference. T…
Phil Rosen
2 mins read
Tesla keeps chopping prices, making its cars cheaper than even gas competitors
New cars were going for an average of $47,899 in September. You can get a Model 3 and Model Y for l…
Alexa St. John
2 mins read
A spike in gas prices is one of the biggest risks to the stock market and economy
Higher gas prices at the pump weigh heavily on consumer sentiment and could lead to more rate hikes…
Matthew Fox
2 mins read
Maryland, Georgia temporarily suspend state gas tax to alleviate surging prices as US ban against Russian oil causes pain at the pump
While Capitol Hill struggles to pass a federal gas tax holiday, states are beginning to approve leg…
Hannah Towey
2 mins read
Electric and hybrid Toyotas are about to get more expensive as the company is disqualified from federal tax credits
Buyers of Toyota and Lexus hybrids are eligible for up to a $7,500 federal tax credit, but that "di…
Tim Levin
2 mins read
Russia is reportedly weighing a $50 billion tax hike on oil and gas exports as its resilience to sanctions fades
The Kremlin is considering imposing a new tax on energy exports that will bolster next year's budge…
George Glover
2 mins read
Psaki says stepping up IRS enforcement would 'raise a great deal more' to pay for infrastructure than a gas tax increase
The White House also ripped into GOP Rep. Jim Jordan for blaming Biden for the rise in gas prices s…