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Anna Burns-Francis: US President Joe Biden to call for three-month suspension of gas and diesel taxes
President Joe Biden will call on Congress to suspend federal gasoline and diesel taxes for three months — an election-year move meant to ease financial pressures greeted with doubts by many lawmakers.
The Democratic President will also call on states to suspend their own gas taxes or provide similar relief, the White House said.
At issue is the 18.4 cents-a-gallon federal tax on gas and the 24.4 cents-a-gallon federal tax on diesel fuel. If the gas savings were fully passed along to consumers, people would save roughly 3.6 per cent at the pump when prices are averaging about $5 a gallon…
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