Yellen Gives Opinion On Pausing Federal Gas Tax To Bring Prices Down

Yellen Gives Opinion On Pausing Federal Gas Tax To Bring Prices Down


Treasury Secretary Janet Yellen said on Sunday that suspending gas taxes is “certainly worth considering” amid rising energy prices.

The comments came during an interview with ABC News host George Stephanopoulos. The national average gas price continues to hover near $5.00 per gallon, according to AAA.

Stephanopoulos questioned Yellen on whether Congress could feasibly enact a federal gas tax holiday as a “short term” measure to ease pressure on consumers.

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“Gas prices have risen a great deal, and it’s clearly burdening households. So he stands ready to work with Congress, and that’s an idea that’s certainly worth considering,” Yellen said of President Joe Biden.

The federal government currently imposes a gas tax of $0.184 per gallon of gasoline and $0.244 per

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