Tax Suspension News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Tax suspension. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Tax Suspension Today - Breaking & Trending Today
any tax suspension would require of course action by congress. but the president will give a speech today throwing the administration support behind a three month gas tax holiday which would breathe new life into an issue that has so far been stalled on capitol hill. kevin liptak is live for us with this news. what is the administration saying about this? reporter: officials are certainly very bullish on this move. and it is something that the white house had been considering for months. they held off until now, but clearly president biden wants to show that he is taking some initiative on this issue and so in a speech later today the president will call on congress to pass a three month suspension of the gas and diesel tax. he wants to go until the end of september. he will also call on states to temporarily suspend their own gas taxes and he will renew these calls for oil and gas companies to up their refining capacity. and so administration officials claim that tak ....
Of these steps could potentially save americans $1 per gallon at the pump. but that is a huge could because there are of if ifs and the president doesn t really have a lot of control. and it hasn t gained traction because the taxes go toward paying for highway and roads and the president did try to ally some of those concerns yesterday. listen to what he had to say. giant for this to be passed. $1.2 trillion. so you think that it would be worth it for you to sure. it is not like before. look, it will have some impact. but it is not going to have an impact on major road construction and major repair. reporter: now, perhaps the biggest concern is ensuring that the savings from the tax suspension actually get passed along to consumers. ....
Any tax suspension would require of course action by congress. but the president will give a speech today throwing the administration support behind a three month gas tax holiday which would breathe new life into an issue that has so far been stalled on capitol hill. kevin liptak is live for us with this news. what is the administration saying about this? reporter: officials are certainly very bullish on this move. and it is something that the white house had been considering for months. they held off until now, but clearly president biden wants to show that he is taking some initiative on this issue and so in a speech later today the president will call on congress to pass a three month suspension of the gas and diesel tax. he wants to go until the end of september. he will also call on states to temporarily suspend their own gas taxes and he will renew these calls for oil and gas companies to up their refining capacity. and so administration officials claim that taken together, all ....
Maryland and Georgia have halted their collection of gas taxes in an effort to hide the effects of Biden's inflation from the American people. In Maryland, the emergency bipartisan [.] ....