{"id":68736,"date":"2022-06-23T00:00:00","date_gmt":"2022-06-23T00:00:00","guid":{"rendered":"http:\/\/kuwaitnewsgazette.com\/?guid=6d03588e6d934e868eac0e01d286efc3"},"modified":"2022-06-23T00:00:00","modified_gmt":"2022-06-23T00:00:00","slug":"biden-urges-congress-to-pass-90-day-fuel-tax-halt-to-bring-down-prices","status":"publish","type":"post","link":"https:\/\/kuwaitnewsgazette.com\/biden-urges-congress-to-pass-90-day-fuel-tax-halt-to-bring-down-prices\/","title":{"rendered":"Biden urges Congress to pass 90-day fuel tax halt to bring down prices"},"content":{"rendered":"
WASHINGTON, US President Joe Biden on Wednesday called on the Congress to approve suspending the country’s fuel tax for 90 days and on refineries to increase their output in a move aimed to bring down the surging cost of the commodity.<\/P>
“Today, I’m calling for a federal gas tax holiday, (and) state gas tax holiday for the equivalent relief to customers; oil companies to use their profits to increase refining capacity rather than buy back their own stock; gas stations to pass along the decrease in oil prices, to lower prices at the pump,” he said in an address at the White House.<\/P>
The US federal government charges an USD 0.18 tax per gallon of petroleum and USD 0.24 per gallon of diesel.<\/P>
“Together, these actions could help drop the price at the pump by up to USD 1 a gallon or more,” he predicted.<\/P>
<\/P>
Source: Kuwait News Agency<\/P>
<\/P><\/p>\n","protected":false},"excerpt":{"rendered":"
WASHINGTON, US President Joe Biden on Wednesday called on the Congress to approve suspending the country’s fuel tax for 90 days and on refineries to increase their output in a move aimed to bring down the surging cost of the commodity.”Today, I’m calli…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"yoast_head":"\n