thebigp

Max zahn
On Wednesday, Biden will also call on state and local governments to provide "relief" to Americans by suspending their state gas taxes or provide other remedies, like delaying planned tax and fee increases, or even consumer rebates or relief payments, according to the White House. An official said Biden wants states to "match" what the federal government would be doing in the short term.
State gas taxes average about 31 cents per gallon of gasoline, according to the U.S. Energy Information Administration.
Researchers at the University of Pennsylvania's Wharton School recently found that the suspension of gas taxes in Maryland, Georgia and Connecticut were, in fact, "mostly passed onto consumers at some point during the tax holiday in the form of lower gas prices," but that the lower prices "were often not sustained during the entire holiday."
In Maryland, 72% of the tax savings were passed on to consumers; in Georgia, 58-65% were, and in Connecticut, 71-87% were, according to their analysis.
A federal gas tax holiday "isn't going to solve the whole problem," the official said. "It is something that can be done to take a real step to relieve some of that pain at the pump. And we see it as part of a suite of policies that are designed to provide that relief, including policies that focus on the supply side."
When asked why Biden wants the federal tax suspended for three months specifically, the official said the president wanted to balance the need of "the unique moment that we're in" -- particularly during the summer driving season -- with the fact that the tax provides important revenue for the government to pay for highways and other t***sportation projects.
"The purpose of this suspension," the official said, "is really to address the unique moment that we're in, and with a particular focus on the summer driving season and the pain that families are feeling at the pump right now, while recognizing that on a longer-term basis, the gas tax is an important source of revenue for federal infrastructure."
The gas tax revenue goes to the federal government's Highway Trust Fund, which provides for much of the government's spending on highways and mass t***sit. Biden believes Congress can fill in that roughly $10 billion gap with "other revenues," an official said.
When asked if that money would come from last year's $1.2 trillion infrastructure law, to which Biden signaled openness Tuesday, the official wouldn't say but did note that there were proposals in Congress that would cover the revenue shortfall.
The official said the administration was "encouraged by the fact" that members of the House and Senate have already made similar proposals to what Biden will call for on Wednesday, but suggested the White House had yet to engage in depth with members of Congress on this topic -- saying "we expect to" engage with Congress.

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The official also said that all of the policies Biden is proposing -- from gas tax holidays to pressuring oil refiners to expand capacity -- could, combined, save consumers up to $1 per gallon or more. But that assumption is predicated on steps oil retailer and refiners have yet to show a willingness to take.
"President Biden understands that a gas tax holiday alone will not, on its own, relieve the run up in costs that we've seen," the White House said in a statement. "But the President believes that at this unique moment when the war in Ukraine is imposing costs on American families, Congress should do what it can to provide working families breathing room."
( BUT WHY BUY FOREIGN OIL ESPECIALLY FROM RUSSIA WHEN WE HAD HERE AND WERE EXPORTING IT???

BIRDMAN

Because our president is brain dead