Decision on gas tax holiday by the end of the week - White House

  • Congress would need to take action
Gas prices

I have to think that Democrats will go ahead with this, despite the obvious problems with a proposal that will fuel demand and further strain refineries. By floating it and taking it away, it's like an own-goal.

In any case, the White House noted that this will need to go through Congress. However I don't think the hurdles are high for it passing. You don't want to be the Congressman voting for higher taxes.

Top Brokers

Sponsored

General Risk Warning
investingLive Premium
Telegram Community
Gain Access