6/22/2022, 4:19 AM (Source: TeleTrader)
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Biden to seek temporary gas tax suspension - report

United States President Joe Biden is expected to call for suspending the nationwide gasoline tax over the summer in order to keep fuel prices in check, Politico reported, citing multiple Democrats familiar with the plan.

The head of state is poised to ask Congress to lift the federal 18-cent-per-gallon levy, however, the so-called "gas tax holiday" faces strong opposition from many lawmakers and has low chances of passage, according to the report.

The news comes amid rising petrol prices, which increased further after Russia launched its military operation in Ukraine in February.

Baha Breaking News (BBN) / NL