Pelosi would not decide to Biden’s fuel tax vacation plan, which faces congressional skepticism

Home Latest Posts Pelosi would not decide to Biden’s fuel tax vacation plan, which faces congressional skepticism
Pelosi would not decide to Biden’s fuel tax vacation plan, which faces congressional skepticism
Pelosi would not decide to Biden’s fuel tax vacation plan, which faces congressional skepticism

WASHINGTON – Some members of Congress are skeptical about President Joe Biden’s proposed fuel tax credit score, together with Home Speaker Nancy Pelosi.

Biden on Wednesday requested Congress to droop the federal fuel tax for the following three months in considered one of his administration’s boldest efforts to present People a breather, as fuel costs soared above $5 a gallon in lots of states.

Whereas she stated “Democrats are united in our determination to lower gas prices for families at the pump,” Pelosi didn’t decide to supporting the plan in a press release launched Wednesday.

“We’ll see where the consensus lies on a path forward on the president’s proposal in the House and Senate, building on the robust price-cutting bills at the pump that Democrats have already passed, including the Consumer Fuel Price Rift Prevention Act and the Food and Fuel Cost Reduction Act,” Pelosi stated. “.

In the past, she has said at several weekly press conferences that there is no guarantee that a gas tax credit will be passed to consumers. Instead, she supported the idea of ​​gas discounts.

“We do not know if we have now the votes,” Home Majority Chief Steny Hoyer, D-MD, stated Wednesday of Biden’s proposal.

Senator. Tom Carper, D. Dell. He said on Twitter Tuesday He’s “glad that POTUS is exploring methods to decrease fuel costs on the pump,” but the suspension of the main way infrastructure costs are paid “is a short-sighted and ineffective means of offering reduction,” suggesting that other options should be explored.

Biden wants Congress to recoup the loss of highway money — an estimated $10 billion — with other federal tax revenue. An administration official told reporters that with the federal government’s deficit reduced by $1.6 trillion this year, the United States can afford to pause the gas tax.

more: Biden proposes three-month federal gas tax cut to ease high prices at the pump

Rep. Peter DeFazio, D-Del. The Chairman of the House Transportation and Infrastructure Committee, on Tuesday evening, criticized the proposal through a statement by asking his colleagues to see it as “a short-sighted proposal primarily based on the cooperation of oil firms to cross on meager financial savings to shoppers – the identical because the oil firms that achieved document earnings final yr and 35 billion within the first quarter of 2022.”

A 3-month federal tax credit score would droop a tax of 18.4 cents per gallon of fuel and 24.4 cents on diesel that drivers pay when filling their tanks. Administration payments the fuel tax credit score as a means to offer a “breathing room” because it cuts prices in the long term.

Contributing: Joey Garrison

This text initially appeared on USA TODAY: Pelosi doesn’t endorse Biden’s proposal for fuel tax credit score

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