Biden Urges Congress to Suspend 18-Cent Federal Gas Tax

The video discusses the federal gas tax, which is 18 cents per gallon for gas and 24 cents for diesel, and its role in funding the Highway Trust Fund. The speaker proposes suspending the federal gas tax for 90 days to reduce gas prices without affecting the fund, thanks to increased tax revenues and a reduced deficit. Companies are urged to pass these savings to consumers. Additionally, states are encouraged to suspend or reduce their gas taxes, with examples from Connecticut, New York, Illinois, Colorado, and Minnesota, to provide further relief to families.

What is the purpose of the federal gas tax?

• To fund the Highway Trust Fund

• To increase state revenues

• To reduce carbon emissions

• To support public transportation

How much is the federal tax on a gallon of diesel?

• 18 cents

• 24 cents

• 30 cents

• 12 cents

What is the proposed duration for suspending the federal gas tax?

• 60 days

• 90 days

• 120 days

• 30 days

Which states have already taken action to suspend their gas taxes?

• California and Texas

• Connecticut and New York

• Florida and Georgia

• Ohio and Michigan

What alternative method does Minnesota propose to help families with gas costs?

• Reducing toll fees

• Offering free public transportation

• Providing a rebate using budget surpluses

• Increasing the state gas tax