Finance
January 1, White House Considering Gas Tax Holiday
President Joe Biden told reporters he is seriously considering a federal gas tax holiday ahead of the July 4 weekend.
On Monday, Biden said he could make a decision on whether to temporarily halt the federal gas tax by the end of the week.
“I hope I have a decision based on data,” Biden said.
However, Energy Secretary Jennifer Granholm told CNN on Sunday that if Biden implements a federal gas tax holiday, it could prevent some federal funds from going to roadway projects — as directed by the infrastructure legislation Biden signed last year.
“If we remove the gas tax, that takes away the funding that was just passed by Congress to be able to do that,” Granholm said.
“So you know, that’s one of the challenges, but I’m not saying that that’s off the table.”
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