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.

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