Connecticut Gov. Ned Lamont has extended the gas tax holiday through Dec. 31 in a bill signed during a special session of the General Assembly to provide economic relief to residents.
New Jersey is cutting an automotive fuel tax by 1 cent per gallon after consumer demand was higher than projected, state Treasurer Elizabeth Muoio announced.
Prominent transportation stakeholders and key congressional lawmakers pushed back on President Joe Biden’s call to temporarily suspend the federal gas tax.
President Joe Biden’s plan to suspend the federal gasoline tax would only make things worse for U.S. drivers, one industry CEO said ahead of a meeting in Washington between oil executives and administration officials.
WASHINGTON — President Joe Biden on June 22 called on Congress to suspend federal gasoline and diesel taxes for three months — an election-year move meant to ease financial pressures that was greeted with doubts by many lawmakers.
President Joe Biden and a top economic aide preemptively defended a potential suspension of the federal gasoline tax, saying it wouldn’t hurt road-building projects and that savings would be passed on to consumers — the latest signal Biden is leaning toward urging Congress to pause the levy.
REHOBOTH BEACH, Del. — President Joe Biden said June 20 that he will decide by the end of the week whether he would support a federal gasoline tax holiday, possibly saving U.S. consumers as much as 18.4 cents a gallon.
With the state budget surplus hitting record-breaking levels, Connecticut legislators voted unanimously March 23 to cut gasoline taxes — and talked about reducing more taxes in the future.