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Biden to Urge Gasoline Tax Pause as Prices Drag on Democrats (1)

June 22, 2022, 2:56 PM

President Joe Biden will ask Congress to suspend the federal gasoline tax for three months, after his administration’s previous efforts failed to curb soaring pump prices that weigh heavily on his party’s political fortunes.

Biden will call for a pause in tax collections through September in a speech scheduled for 2 p.m. Wednesday in Washington, senior administration officials said. The national average gasoline price hit a record this month above $5 a gallon, even after Biden ordered a historic release from US reserves earlier this year.

Any pause, however, is fraught with contradiction. Lowering the price of gasoline may spur ...