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President Biden calls on Congress to suspend the federal gas tax for 90 days

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cnbc.com

President Joe Biden called on Congress Wednesday to suspend the federal gas tax for 90 days as prices at the pump surge to record highs.

The federal tax currently stands at 18 cents for a gallon of regular gasoline, and 24 cents per gallon of diesel fuel. «I call on the companies to pass this along — every penny of this 18 cents reduction — to the consumer,» Biden said Wednesday. «There's no time now for profiteering,» he said.

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