The average price of a gallon of gasoline has now reached a record high of $ 5 in the United States ($ 4,968 on Wednesday), up from about $ 3 a year ago, according to AFP.
US President Joe BidenPhoto: Yuri Gripas-Pool via CNP / SplashNews.com / Profimedia
Joe Biden would like the United States to take a step forward and eliminate gasoline taxes, which average 30 cents per gallon, or find compensation mechanisms.
“By suspending the 18-cent (3.78-gallon) federal gas tax for 90 days, we can lower the price and provide relief for families,” the White House president said Wednesday, urging Congress to adopt this fiscal measure, the effectiveness of which is already being questioned.
“I know that this tax suspension will not solve the problem alone, but will give (…) a little air” to households, he added.
The 79-year-old Democrat, whose popularity has been undermined by rising all prices, especially gasoline prices, a very important budget item for Americans, has asked distributors to pass on “every penny” of the tax cuts.
Biden also urged the oil giants, with whom he has strained relations, to increase its refining capacity, but also to keep track of black gold price fluctuations down, not just up.
The combined effort of Congress, states and refineries “could reduce the pump price by a dollar a gallon or more,” said Joe Biden.
The suspension of the 18-cent federal tax, along with the 24-cent-per-gallon diesel tax, should cost the road infrastructure fund, which is typically funded by those taxes, about $ 10 billion.
The administration says it will be able to make up for the deficit.
This tax suspension was criticized even before it was announced, including in the political family of the president.
The influential leader of the Democratic camp in the House of Representatives, Nancy Pelosi, rejected such an idea last week, which she said was “showbiz”.
The press also revealed statements made by Barack Obama in 2008: the future president, amid rising fuel prices, had publicly opposed a tax suspension, calling it an “artifice.”
A number of experts have also expressed skepticism about an ad that does not solve the basic problem at all: very high demand in the face of limited supply.
Faced with these criticisms, Joe Biden tried to dramatize on Wednesday, recalling that the price of gasoline has risen by two dollars per gallon since the invasion of Ukraine by Russia.
Referring to Western sanctions on Russian oil and gas, he said: “We could have turned a blind eye to (Vladimir) Putin’s criminal actions. The price of petrol would not have risen as much. I think it would have been a mistake. . “
Asking Republican politicians, who are constantly showing responsibility, Joe Biden asked, “So you’re saying we’d rather have lower gas prices in the United States and Europe in Vladimir Putin’s hands?”