Biden Shrugs Off Revenue Impact of Potential Gas-Tax Pause in Latest Hint
- Remarks signal he may seek pause of 18.4 cents-per-gallon tax
- Boushey also downplays concern savings won’t reach consumers
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President Joe Biden and a top economic aide preemptively defended a potential suspension of the federal gasoline tax, saying it wouldn’t hurt road-building projects and that savings would be passed on to consumers -- the latest signal Biden’s leaning toward urging Congress to pause the levy.
Biden, who has been keen to demonstrate he’s taking steps to ease high prices at the pump, rebutted an oft-cited concern that suspending the 18.4 cents-per-gallon tax would halt a key revenue source for maintaining roads.