Biden to Request Temporary Fuel Tax Exemption Legislation from US House in Speech on 22nd

Rising Sense of Crisis Ahead of November Midterm Elections... "Hope to Make a Decision by the Weekend"

[Image source=Yonhap News]

[Asia Economy Reporter Yu Je-hoon] U.S. President Joe Biden plans to ask Congress to enact legislation for a temporary suspension of the fuel tax, according to a report by U.S. political media outlet The Hill on the 21st (local time), citing an anonymous government official.

According to the report, President Biden is expected to request such legislation in a speech on oil prices scheduled for the afternoon of the 22nd (local time) to the U.S. House of Representatives. The official stated, "President Biden will ask Congress to help reduce the 18 cents per gallon tax (about 230 won) imposed on regular gasoline during the summer."

The temporary suspension of the fuel tax is a measure taken amid mounting criticism of President Biden's responsibility due to the worst inflation in 41 years ahead of the November midterm elections. Gasoline prices in the U.S. have surged from the $3 range per gallon just a year ago to around $5 recently.

Earlier, President Biden, during a meeting with reporters at Rehoboth Beach, Delaware, also mentioned that he is considering a temporary suspension of the fuel tax and said, "I hope to make a decision by this weekend."

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