Fed Gas Tax Suspended
U.S. Senator Richard Blumenthal (D-CT) released the following statement in support of President Biden’s announcement urging Congress to approve a three-month suspension of the 18.4 cent per gallon federal gas tax.“I’ve urged for months that the federal gas tax be suspended and commend President Biden’s support for this action. The savings from this measure must be passed along to consumers – not hoarded by major companies – to make a measurable difference at the pump.” “After this good first step, more must be done to combat Big Oil’s rising prices and profits. I’m demanding a windfall profits tax to give hundreds of dollars back to consumers through quarterly rebates because Big Oil companies continue to pocket record profits while consumers…