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Biden to Call On Congress Wednesday to Pass Gas Tax Holiday

  • US gasoline prices hovering near record high $5 a gallon
  • Summer driving season historically spurs increased fuel demand
Bloomberg business news
Biden to Call on Congress to Pass Gas Tax HolidaySource: Bloomberg

President Joe Biden will call on Congress to enact a gasoline tax holiday, a person familiar with the plans says, as he looks to cool soaring pump prices heading into summer.

Biden will make a statement Wednesday calling on Congress to enact the pause, the person said, speaking on condition of anonymity ahead of an announcement. The White House did not immediately respond to a request for comment.