Biden To Call For 3-Month Suspension Of Gas And Diesel Taxes

President Biden proposes a three-month suspension of the federal gas tax to alleviate high gas prices, potentially saving drivers $0.18 per gallon. The proposal faces opposition in Congress, including from some Democrats. The suspension could cost the Federal Highway Transportation Fund $10 billion, but Biden argues it won't significantly impact major road projects due to existing infrastructure funding. The White House claims the measures could save Americans up to a dollar per gallon, but experts warn the savings may not reach consumers and could worsen inflation by encouraging more spending at the pump.

What is the main goal of President Biden's proposal to suspend the federal gas tax?

• To encourage public transportation

• To reduce environmental pollution

• To provide short-term relief to drivers

• To increase federal revenue

Why does the proposal specifically target the summer months?

• To coincide with the holiday shopping season

• Because gas prices are lower in summer

• To align with the fiscal year

• To provide relief during peak travel times

What is a potential consequence of the gas tax suspension on the Federal Highway Transportation Fund?

• A surplus in the fund

• No impact on the fund

• A $10 billion shortfall

• Increased funding for road projects

What is a concern experts have about the gas tax suspension?

• It may not ensure savings are passed to consumers

• It will reduce inflation

• It will lead to a decrease in gas prices

• It will increase federal taxes

How might the gas tax suspension affect inflation, according to some experts?

• It might worsen inflation by encouraging more spending

• It will have no effect on inflation

• It will stabilize inflation rates

• It could help reduce inflation