President Joe Biden will call on Congress in a speech Wednesday to suspend federal gasoline and diesel taxes until the end of September, senior administration officials said, framing the move as necessary to provide relief to American consumers but itself not enough to resolve the problem of surging energy prices.
Biden will also call on states to take steps removing their own taxes on gas and diesel. And he’ll tell oil refining companies to increase their capacity ahead of their planned meeting this week with administration officials.
Combined, the senior administration officials claimed, the steps Biden will call for could reduce the price per gallon