Biden Calls on Congress to Suspend Gas Tax

In a speech issued on Wednesday, President Biden called upon Congress to suspend the federal gas tax for the next 90 days, spanning through the busy summer travel months, and called on states to either suspend their state gas taxes, or find other ways to provide relief at the pump.“Today, I’m calling on Congress to suspend the federal gas tax for the next 90 days through the busy summer season, busy travel season,” said Biden.At the pump, there is an 18-cent federal gas tax on each gallon of gasoline. The first federal gas tax was implemented in 1932, with the funds being used to help with the upkeep of the nation’s highways.Biden said that he’s proposing this gas tax relief over the summer “without affecting the Highway Trust Fund.”“And here’s how we do that,” Biden continued. “With the tax revenues up this year, and our deficit down over $1.6 trillion this year along, we’ll still be able to fix our highways and bring down the prices of gas. We can do both at the same time.”“I call on the companies to pass this along, every penny of this 18-cent deduction to the consumers. This is — there’s no time now for profi …