Biden Wants to Suspend the Federal Gas Tax. Here's Who Pays and Who Saves

Biden Wants to Suspend the Federal Gas Tax. Here's Who Pays and Who Saves

In an effort to provide relief at the pump, President Biden is proposing a temporary suspension of the federal gas tax, which currently amounts to $0.184 per gallon ($0.244 for diesel). Gas taxes are imposed at both the federal and state level. Biden's directive applies to federal gas taxes only, not state gas taxes, which can be much higher than the federal tax rate.