Biden’s Gas Tax Holiday Already in Trouble on the Hill

Even before Joe Biden made the official announcement that he was asking Congress to pass a three-month suspension of the 18.1 cents federal gas tax, the proposal was in deep trouble on Capitol Hill.

Both Democrats and Republicans questioned the wisdom of putting a $10 billion hole in the highway trust fund during a period of tight budgets. And there’s also a question of timing. Congress would have to vote again to remove the suspension in September — far too close to midterms for any politician in their right mind to add 18.1 cents back to the price of a gallon of gas.

“I’m not a yes right now, that’s for sure,” Sen. Joe Manchin (D-W.Va.) told ABC News.

Manchin called on Congress to start thinking about Americans in their home districts, insisting “the people in West Virginia are having a hard time — they really are — these inflation checks have hit hard no matter how many checks we sent out during the COVID relief that’s all forgotten it’s all for not,” Manchin said.

“We put over $5 trillion out into the marketplace and it’s all forgotten and all we have now is higher inflation and really more hardship on people that need some good decisions here in the Congress. We just need to start looking at the long-term effect of what we are doing and how we are doing it,” he said.

Republicans have already given a thumbs-down to Biden’s idea, so a “No” vote from Manchin would mean Biden’s useless, gimmicky gas tax suspension will die aborning.

For our VIPs: Yes, Biden Is Responsible for High Gas Prices, Here’s Why

And as Manchin points out, simply suspending the 18.1 cents gas tax doesn’t mean that 18.1 cents will be coming off the price of a gallon of gas.

“Now, to do that and put another hole into the budget is something that is very concerning to me, and people need to understand that 18 cents is not going to be straight across the board — it never has been that you’ll see in 18 cents exactly penny-for-penny come off of that price,” Manchin said.

Democratic Whip Dick Durbin of Illinois said it’s important to provide relief, but contends a gas tax holiday is a “temporary only” solution.

“Long term, it’s going to be an expensive infrastructure investment, which I support,” Durbin said. “We’ve got to get this behind us.”

But for Sen. Mark Warner of Virginia, a key Democrat negotiator on the roughly $1.2 trillion infrastructure bill that passed last year, the hit that a gas tax holiday would take to the Highway Trust Fund, and therefore the nation’s infrastructure spending, is concerning.

He said he’s “hesitant” about supporting a gas tax holiday. He also cited concerns about the president’s proposal to end the holiday in September.

When the number two Democrat in the Senate tries to let the president down easy, you know the bill is in deep trouble.

Indeed, Biden’s PR gambit was meant to distract the public. Now, when it fails, Biden can blame Congress for refusing to lower gas prices.

Voters have gotten very cynical about such electioneering from politicians. If this proposal is still being talked about a week from now, we should be surprised.

View Original Source Source