Joe Biden asks Congress to eliminate federal taxes on gasoline


Washington.- The President Joe Bidencharged again today against the companies oil companieswhich he accuses of not refining enough crude oil, and asked them to come down “right now” fuel price for consumers in the United States.

“In the last two weeks, the price of crude has fallen more than ten dollars per barrel. Normally this lowers prices at the gas station about 25 cents per gallon (3.78 liters), and yet some gas stations have only reduced them by a few cents,” Biden said during an appearance without questions at the White House.

The US president made these remarks while asking the Congress of your country that approve his proposal to eliminate taxes Federal taxes on gasoline and diesel during the months of July, August and September.

Biden’s plan would temporarily nullify the tax of 18 cents per gallon of gasoline and the 24 cents per gallon of diesel imposed by the federal government to finance, among other things, the maintenance of highways.

the american president defended that the country’s strong economic recovery after the crisis caused by the pandemic would allow the government to carry out the necessary works to maintain the country’s highways without needing the money from these taxes.

It is not clear, however, how much savings would be passed on to consumers, and Republicans have been quick to describe the proposal as an electoral “trick” that, moreover, would only serve to increase the already runaway inflation.

Biden has wanted to send a message to the conservatives, assuring that the problem of prices does not lie in a lack of production of US crude, but in that the country’s oil companies they don’t refine enough oil due to the closure of refineries during the pandemic.

Tomorrow, the Secretary of Energy of the United States, Jennifer Granholm, will meet with the executives of several of these companies, such as Chevron or ExxonMobil, to try to find solutions to the historic rise in fuel prices.

“We are going to ask them what their production capacity is,” Granholm explained during the daily press conference of the White Houseshortly after Biden’s speech ended.

He also clarified that part of the reason he will meet with managers is to see how consumers could be transferred. price reduction That would entail the elimination of federal taxes.

The head of Energy admitted the suspicion that exists among the oil companies, especially after the letters that Biden sent last week to the executives of seven of these companies demanding “immediate” action to deal with the historical price increase.

For this reason, Granholm defended that he will go to the meeting “with no lines drawn in the sand”, and that he will discuss honestly with the executives how to transform the extensive benefits that these companies have reaped into relief for the consumers.

In addition, the Secretary of Energy called on these firms to reinforce the financing of renewable and low-emission energies, such as solar or nuclear, in order to allow an energy transition and avoid dependence on fossil fuels.

The US administration mainly blames the invasion of Ukraine ordered by Russian President Vladimir Putin for the rise in fuel pricesand maintains that it is the price that the Americans must pay so that Russia does not “get away with it”.

The price of a gallon of gasoline in the United States reached 5 dollars on June 11, a record that occurred when the country is experiencing the highest inflation in 40 years.

A year ago, in June 2021, the average price of a gallon of gasoline (the measure used by gas stations in the United States, instead of the liter) stood at 3.07 dollars, practically two dollars below the current price.

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Furthermore, in 20 of the 50 states of USAprices are above $5 a gallon, especially on the west coast of the country.


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Source-www.debate.com.mx