US manufacturers slam Biden's gas tax holiday, call for more domestic oil production

Österreich Nachrichten Nachrichten

US manufacturers slam Biden's gas tax holiday, call for more domestic oil production
Österreich Neuesten Nachrichten,Österreich Schlagzeilen
  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 53%

American manufacturers slammed President Joe Biden's call for a federal gas tax holiday on Wednesday, saying the administration should allow more domestic oil production.

is a mistake and his administration should instead focus on expanding oil production in the U.S., America's largest association of manufacturers told FOX Business on Wednesday.

Biden called on Congress to suspend the federal gas tax until September in an effort to alleviate pressure on American consumers.argues, however, that removing the tax will defund and delay critical government projects, and Biden should instead relieve gas prices by allowing more domestic oil production.

President Biden speaks during an interview with the Associated Press in the Oval Office of the White House, Thursday, June 16, 2022, in Washington. "Our nation achieved historic progress with the Bipartisan Infrastructure Law, but this move is likely to derail its implementation by suddenly disrupting its funding, delaying critical projects that Americans desperately need and that are vital to manufacturers’ competitiveness," NAM president and CEO Jay Timmons told FOX Business.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

FoxBusiness /  🏆 458. in US

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Biden to name 1st Native American US treasurer to head MintBiden to name 1st Native American US treasurer to head MintThe White House on Tuesday announced President Joe Biden’s intent to appoint Marilynn “Lynn” Malerba as his administration establishes an Office of Tribal and Native Affairs at the Treasury Department, which will be overseen by the U.S. treasurer.
Weiterlesen »

President Biden Insists US Recession Is Not Inevitable — Treasury Secretary Yellen Concurs – Bitcoin NewsPresident Biden Insists US Recession Is Not Inevitable — Treasury Secretary Yellen Concurs – Bitcoin NewsPresident Joe Biden and Treasury Secretary Janet Yellen say that a U.S. recession is not inevitable, dismissing many economists' concerns.
Weiterlesen »

Texas GOP Goes All-In on Trump’s Big Lie, Says Biden Is ‘Acting President’Texas GOP Goes All-In on Trump’s Big Lie, Says Biden Is ‘Acting President’The Republican Party of Texas now officially, in writing, opposes “all efforts to validate transgender identity” and does not support the use of taxpayer funds for any “medical gender dysphoria treatments or sex change operations.”
Weiterlesen »

President Biden says he’s considering a federal gasoline tax holidayPresident Biden says he’s considering a federal gasoline tax holidayREHOBOTH BEACH, Del. — President Joe Biden said Monday that he’s considering a federal holiday on the gasoline tax, possibly saving U.S. consumers as much as...
Weiterlesen »

President Joe Biden floats lifting federal gas tax, but how much will it help in SoCal?President Joe Biden floats lifting federal gas tax, but how much will it help in SoCal?As the national average for a gallon of gas hovers around $5, President Biden is considering a federal holiday on the gas tax that goes towards repairing roads and transportation grants.
Weiterlesen »

Texas GOP calls Biden 'acting president'Texas GOP calls Biden 'acting president'Texas GOP delegates this past weekend overwhelmingly passed a resolution rejecting the 2020 election results: 'We hold that acting President Joseph Robinette Biden Jr. was not legitimately elected.'
Weiterlesen »



Render Time: 2025-04-08 06:58:11