Opposition to Biden's gas tax 'holiday'
Business groups see President Joe Biden's proposed federal gas tax holiday as potentially doing more harm than good.
The lobbyists representing manufacturers, construction contractors, and civil engineers criticized the president's plan announced Wednesday, arguing the relief for consumers on rising gasoline prices will pale in comparison to the potential delays and resulting costs of stalled infrastructure programs paid through the Highway Trust Fund and funded by those gas taxes.
"Our nation achieved historic progress with the Bipartisan Infrastructure Law, but this move is likely to derail its implementation by suddenly disrupting its funding, delaying critical projects that Americans desperately need and that are vital to manufacturers' competitiveness," National Association of Manufacturers President and CEO Jay Timmons wrote in a statement.
"Since the beginning of this administration, we have provided specific solutions and recommendations for improving energy security and taking an all-of-the-above approach: restarting and expanding oil and gas leasing on federal lands, prioritizing funding and expediting permitting for traditional and emerging energy options, expanding critical mineral mining and processing, strengthening and diversifying clean energy supply chains, promoting regulatory predictability by refraining from revising air standards until previous ones are met, upholding the infrastructure law's One Federal Decision policy and more.
"We would be in a better position now if these and other actions had already been taken, and the need to act has only grown more urgent."
Biden called on Congress to pass a three-month pause on the $0.184 per gallon federal gas tax and the $0.244 per gallon federal diesel tax, while urging the states to do the same with their state gas taxes.
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Prices are not up because of taxes. They are up because Biden artificially reduces production by blocking offshore wells and production in Alaska's ANWR. Remove the limits on production and increase the supply to reduce prices while still collecting needed taxes.
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