Biden signals he’s leaning toward gas tax holiday, saying there’s ‘plenty’ of money for infrastructure

41428 biden signals hes leaning toward gas tax holiday saying theres plenty of money for infrastructure

President Joe Biden on Tuesday offered signs that he could support suspending the federal gasoline tax, as he responded to a reporter’s question on how a gas tax holiday would make it difficult to pay for major infrastructure projects. “We have plenty of capacity to do that,” Biden said, adding that he expected to make a decision on the issue before the week is out.

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About the Author

Victor Reklaitis is MarketWatch’s Money & Politics reporter and is based in Washington, D.C. Prior to joining MarketWatch, he served as an assistant editor and reporter at Investor’s Business Daily. Before IBD, he worked for several newspapers in Virginia. Follow Victor on Twitter at: @vicrek.

Source: Marketwatch

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