As Biden touts gas tax pause, even some of his own officials balk

Speaking to reporters Wednesday, House Majority Leader Steny H. Hoyer (D-Md.) stressed that he is “sympathetic” to the president’s request and that lowering gas prices is an “good objective.” But Hoyer joined other Democrats in expressing a concern it may not “have the intended effect in terms of the retail price.”

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And he said Democratic leaders “don’t know” if they have the votes to advance it and haven’t yet counted…

Eswar Prasad, an economist at Cornell University, said top officials at the Treasury Department have been clear in internal discussions that they believe Americans would probably see only limited benefits from a gas tax holiday, even if Congress were to enact one…

Treasury officials “expressed concerns to the White House that this is not the optimal strategy to tackle inflation and the political benefits are likely to be quite limited,” Prasad said.

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