PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS: Biden says decision on gas tax holiday may come this week.
President Joe Biden said Monday that he’s considering a federal holiday on the gasoline tax, possibly saving U.S. consumers as much as 18.4 cents a gallon.
“Yes, I’m considering it,” Biden told reporters after taking a walk along the beach near his vacation home in Delaware. “I hope to have a decision based on the data — I’m looking for by the end of the week.”
The administration is increasingly looking for ways to spare the public from higher prices at the pump, which began to climb last year and surged after Russia invaded Ukraine in February. Gas prices nationwide are averaging just under $5 a gallon, according to AAA.
Why would he do that? Biden calls paying higher taxes a patriotic act.
● NBC, the Washington Post, and the New York Times in lockstep have called for higher gas taxes.
“We’re going to keep at it to ensure the American people are paying their fair share for gas,” is the perfect Kinsley Gaffe for an Obama administration retread like Biden: As Steven Chu, Obama’s then-incoming energy secretary, told the Wall Street Journal in the fall of 2008: “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.”
UPDATE: Then-candidate Obama, on his way to becoming Biden’s boss for eight years, derided Hillary’s gas tax holiday ‘gimmick’ in 2008.
(Updated and bumped.)