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June 23, 2022

How Biden's gas tax holiday would work

By MATTHEW DALY
Associated Press

WASHINGTON — Facing stubbornly high gas prices that average about $5 a gallon nationwide, President Joe Biden on Wednesday urged Congress to suspend federal gasoline and diesel taxes for three months.

If savings from the 18.4 cents-a-gallon federal tax on gas are fully passed along to consumers, drivers would save about $2.76 for a 15-gallon fill-up.


 
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