Biden’s gas-tax break is tempting politically but it’s a bad idea
It would do little for consumers. Thankfully, it is unlikely to get through Congress
Americans are mad about soaring petrol prices. Joe Biden’s administration has tried to pin the blame on one man, calling it “Putin’s price hike”. Analytically, it is true that Russia’s invasion of Ukraine is the main reason for the global energy crisis. Politically, though, that has not given much cover to Mr Biden, whose popularity has sagged. On June 22nd the president tried a different form of politicking: he called for a gas-tax holiday for three months.
This article appeared in the United States section of the print edition under the headline “Pump and dump”
United States June 25th 2022
- Inside the battle for Asian-American votes
- The Biden administration’s confused embrace of trans rights
- Biden’s gas-tax break is tempting politically but it’s a bad idea
- California pushes back public-school start times
- America’s Supreme Court requires Maine to include religious schools in a tuition programme
- How Russia’s war could revive America’s uranium industry
- The Biden-Harris problem
From the June 25th 2022 edition
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