Pres. Biden Calls For 3-Month Suspension Of Gas And Diesel Taxes

President Biden proposes a federal gas tax holiday to provide relief from high gas prices, urging Congress to suspend the tax for 90 days. He also calls on states to suspend their gas taxes and oil companies to increase refining capacity. The proposal is part of a broader strategy to address rising gas prices due to global events, including the war in Ukraine. Biden emphasizes the need for a transition to clean energy and electric vehicles to reduce future dependency on oil. The plan faces political challenges, including opposition from some Democrats and Republicans.

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