Energy

Obama boasted about opposing gas tax holiday, but Biden now wants one

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U.S. President Joe Biden stands with former President Barack Obama during an event on the Affordable Care Act, the former president’s top legislative accomplishment, in the East Room at the White House in Washington, U.S., April 5, 2022.

Leah Millis | Reuters

Former President Barack Obama called opposing a federal gas tax holiday “one of our prouder moments” during his 2008 campaign — but his two-term vice president, Joe Biden, thinks that kind of holiday is much needed now that he’s in charge at the White House.

President Biden’s desire for a three-month reprieve on federal and gasoline taxes comes amid soaring consumer fuel prices, and as the Democrat see plummeting public approval…



Source cnbc.com

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