President Biden Asks Congress To Suspend Gas Tax

The video discusses the Biden administration's proposal to suspend the federal gas tax for 90 days, aiming to reduce gas prices by $0.18 per gallon. The proposal faces opposition from Congress and concerns about depleting the Highway Trust Fund. Critics label it as an election gimmick, while the administration argues it's necessary relief. Historical context is provided, referencing similar past proposals. The administration urges oil companies to lower prices and explores future plans to address gas prices, including potential penalties for price gouging.

What is House Speaker Nancy Pelosi's argument against the gas tax holiday?

What measures is the Biden administration considering to address excessive fuel prices?