The New York Entrepreneur

Gas tax holiday not off table, White House says

Read Time:37 Second

A gasoline tax holiday remains an option under consideration as the Biden administration seeks to give Americans relief from high prices, a White House spokeswoman said Thursday. “The president is not taking anything off the table at this stage,” White House communications director Kate Bedingfield told reporters. Earlier Thursday, Biden announced the U.S. would release 1 million barrels of oil per day for the next six months from the Strategic Petroleum Reserve, or more than 180 million barrels in total. House Speaker Nancy Pelosi, meanwhile, has sounded a skeptical note about the effectiveness of such a holiday.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

About Post Author

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Previous post Biden to invoke Defense Production Act for electric vehicle battery materials
Next post Dow ends 550 points lower as investors close books on losing quarter