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TopicBiden to call on Congress, states to suspend gas taxes
Antifar
06/22/22 11:32:03 AM
#22:


Something to note about this is: it won't work
https://twitter.com/NPR/status/1539585257493745669
"It would be very unlikely that gas prices would fall by more than a dime because of this change. And oil company profits would go up by billions of dollars," said Jason Furman, who served as a top economic adviser to former President Barack Obama and is now at the Harvard Kennedy School.
Biden also plans to call on state governments to take similar actions with their own gas taxes, to give consumers relief. He wants oil refiners to boost their capacity so there's more gasoline on the market another way to bring down prices.
But there's no way to force those tax cuts to be passed through to consumers.

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