Tax suspension and issuance of discount cards. Biden plans to curb gasoline prices in his country

While senior White House officials reiterate that tackling unprecedented inflation remains President Joe Biden’s top priority, his administration continues to explore its price containment strategies.

US President Joe Biden said on Monday that a decision to suspend the federal gasoline tax could be made before the end of this week.

He said he could decide as early as this week whether Congress would support the suspension of the 18.4 cents a gallon federal gas tax, which experts estimate could cut prices by 14.72 cents a gallon.

Halting the gasoline tax is one of several options the Biden administration is exploring to curb inflation and gasoline prices that continue to rise.

In this context, the White House is reportedly considering sending discount cards to offset the impact.

Fox Business reported that the Biden administration is not ruling out the possibility of discount cards, and that the president has made it clear that he is willing to explore all options and listen to all ideas that will help lower gasoline prices for the American people.

“Gasoline prices are skyrocketing and obviously taking a toll on families,” Yellen said during an appearance on This Week with George Stephanopoulos. “So the president is willing to work with Congress … and tax credits are definitely an idea.” noteworthy.”

Source: American media

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