Biden Urges Congress to Suspend 18-Cent Federal Gas Tax

The video discusses the federal gas tax, which is 18 cents per gallon for gas and 24 cents for diesel, and its role in funding the Highway Trust Fund. The speaker proposes suspending the federal gas tax for 90 days to reduce gas prices without affecting the fund, thanks to increased tax revenues and a reduced deficit. Companies are urged to pass these savings to consumers. Additionally, states are encouraged to suspend or reduce their gas taxes, with examples from Connecticut, New York, Illinois, Colorado, and Minnesota, to provide further relief to families.

What is the federal gas tax per gallon of gas?

What is the purpose of the federal gas tax?

How long is the proposed suspension of the federal gas tax?

What is the expected outcome of suspending the gas tax according to the proposal?

What actions are some states taking regarding their gas taxes?