As people around the country struggle with the state of the economy, House Speaker Nancy Pelosi, D-California, has declined to fully endorse a gas tax holiday proposed by President Joe Biden.
A statement issued by Pelosi discussing the matter was sure to lay blame at the feet of Big Oil and Russian President Vladimir Putin, deflecting from any of Biden’s own policies that may have contributed.
“Democrats are united in our determination to lower gas prices for families at the pump,” it begins. “It is unacceptable that American families are being squeezed at the pump while Big Oil rakes in massive profits at their expense in the middle of Putin’s War.”
“While President Biden has taken strong action to combat Putin’s Price Hike with his executive authority such as historic releases from the Strategic Petroleum Reserve and expanding access to homegrown Unleaded 88/E-15, Republicans in Congress have consistently chosen to enable Big Oil’s outrageous profiteering on the backs of hard-working Americans,” Pelosi’s statement read, throwing in a jab at Republicans for good measure. The midterms are quickly approaching, after all.
“We will see where the consensus lies on a path forward for the President’s proposal in the House and the Senate, building on the strong bills to lower prices at the pump already passed by House Democrats including the Consumer Fuel Price Gouging Prevention Act and the Lower Food and Fuel Costs Act,“ continued the statement, reiterating just how much legislation is moving forward to provide relief, while average Americans still struggle with sky-high gasoline prices.
Stating one argument in opposition of a potential gas tax holiday was Ways and Means Committee chairman Rep. Richard Neal, D-Mass., who questioned which party would ultimately benefit from the policy.
“The challenge on the gas tax is: Is the savings really going to flow to the consumer? Or is it going to be pocketed by the oil companies?” he asked. “Those are legitimate questions.”
On Wednesday, Biden called on his party to support the tax relief policy and called on the Democrat-controlled Congress to suspend the gas tax for 90 days.
“Today, I’m calling on Congress to suspend the federal gas tax for the next 90 days through the busy … travel season,” he urged. “But we can also cut gas prices even more in another way. That’s why the second action I’m taking is calling on states to either suspend the state gas tax as well or find other ways to deliver some relief.”
The current federal gas tax is 18 cents per gallon, and states have also introduced their own additional taxes on the product as well.
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