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What is a Federal Gas Tax Holiday? And how much would you save on the pump?

A federal gas tax holiday would aim to reduce the cost of fueling your car. However, politicians and economists disagree on how much help it would provide.

President Biden has called for a three-month suspension of the state gas tax as consumers cope with near-record prices at the pump. The tax exemption aims to relieve millions of Americans by temporarily suspending the 18.4-cent tax on every gallon of gasoline.

https://www.wsj.com/articles/what-is-gas-tax-biden-making-federal-gas-tax-holiday-11655934436?mod=rss_markets_main What is a Federal Gas Tax Holiday? And how much would you save on the pump?

Luke Plunkett

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