18.9 C
New York
Monday, July 4, 2022

Biden says U.S. gas tax holiday would have no major impact on highway funds

Biden says U.S. gas tax holiday would have no major impact on highway funds
© Reuters. U.S. President Joe Biden speaks about U.S. vaccination progress following a visit to a District of Columbia Department of Health (DC Health) coronavirus disease (COVID-19) vaccination clinic, during remarks in the Roosevelt Room at the White House in Wash

WASHINGTON (Reuters) – U.S. President Joe Biden on Tuesday said a potential suspension of the federal gasoline tax would have some, but not significant, impact on highway funds.

Biden said he would decide by the end of the week on whether to ask Congress to suspend the tax to help with high gas prices. The revenue from the gas tax is used to help fund highway and other transportation projects.

Source: Investing.com

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

11,296FansLike
12,893FollowersFollow
751FollowersFollow
- Advertisement -

Latest Articles

Popular Articles