HILL TAX BRIEFING: Blumenauer Asks Biden to Keep Gas Tax

Rep. Earl Blumenauer (D-Ore.), who serves on the House Ways and Means Committee, sent a letter Thursday to President Joe Biden asking that the administration not suspend the federal gas tax.

“There is no guarantee a gas tax suspension would reduce prices at the pump or stem the broader inflation affecting the global economy, and it may only increase oil companies’ bottom lines,” Blumenauer said, continuing that it would impact Highway Trust Fund infrastructure spending.

“At only 18.4 cents per gallon, the federal gas tax represents a negligible and shrinking portion of the cost of gas at the ...