Wednesday, June 22, 2022

Biden to urge Congress to suspend federal gas tax for 3 months

Update of 6/23/2022: I forgot to mention that the federal tax on gasoline and diesel is only $0.18 and $0.24 per gallon! Not much of an impact when the price per gallon is above $5.

Too little, too late as usual by the demented and senile 46th President! 

Three months? Ridiculous! Another sign of his total economic incompetence! The minimum should be 12 months with the option to extend! You can always revert this tax holiday if the situation improves!

Lowering taxes to counter the price inflation is a good measure. However, it has to be on massive scale, broadly based across different taxes,  and no short-term sunset provision.

Reducing the excessive government spending would be another good measure!

Biden to urge Congress to suspend federal gas tax for 3 months - The Washington Post

No comments: