© Reuters. US President Joe Biden speaks while hosting the Forum of the Great Economies of Energy and Climate Change (MEF) in the South Courtroom at the White House in Washington, DC, June 17, 2022. REUTERS / Evelyn Hockstein
WASHINGTON (Reuters) – US President Joe Biden is expected on Wednesday to call for a temporary suspension of the federal tax of 18.4 cents a gallon on gasoline, a source told Reuters on Tuesday.
Biden revealed Monday that it is considering calling for a tax break as the United States struggles to cope with rising gasoline prices and inflation. The gas tax holiday is facing significant opposition in Congress, including many Democrats. The plan was announced earlier by Punchbowl News. The White House declined to comment.