{"id":1526052,"date":"2022-06-22T16:04:57","date_gmt":"2022-06-22T20:04:57","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1526052"},"modified":"2022-06-22T16:05:18","modified_gmt":"2022-06-22T20:05:18","slug":"pelosi-obama-have-blasted-gas-tax-holiday-proposals-as-show-biz-and-a-gimmick","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pelosi-obama-have-blasted-gas-tax-holiday-proposals-as-show-biz-and-a-gimmick\/","title":{"rendered":"Pelosi, Obama Have Blasted Gas Tax Holiday Proposals As \u2018Show Biz\u2019 And A \u2018Gimmick\u2019"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fpelosi-obama-have-blasted-gas-tax-holiday-proposals-as-show-biz-and-a-gimmick%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1526052&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Will a gas tax holiday actually help American consumers save money? Not according to multiple high-profile Democrats and energy experts.<\/p>\n<p>On Wednesday, President Joe Biden <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2022\/06\/22\/fact-sheet-president-biden-calls-for-a-three-month-federal-gas-tax-holiday\/\">called<\/a> on Congress to enact a \u201cthree-month federal gas tax holiday\u201d and suspend the 18.4 cents federal gas tax to help alleviate pain at the pump for Americans this summer. This temporary solution has long been blasted for its failure to address the root cause of high gas prices.<\/p>\n<p>During the 2008 presidential campaign, then-candidate Barack Obama ridiculed his opponents for advocating for the temporary solution.<\/p>\n<p>More recently, when asked about a potential gas tax holiday, Pelosi told reporters this past spring that the idea does not actually help consumers.<\/p>\n<p>\u201cWe have a situation where there\u2019s money coming out of the highway trust fund. It\u2019s going to the oil companies,\u201d Pelosi argued. \u201cThere, they may not give it to the consumer and it has to be paid for. So we\u2019re paying for something to give a break to the oil companies, that isn\u2019t even going to the consumer. So that\u2019s the con.\u201d<\/p>\n<p>\u201cThe pro is very show biz, okay?\u201d she continued, \u201c\u2018Let\u2019s just do something. There it is.\u2019 But it is not necessarily landing in the pocket of the consumer. It\u2019s taken out of the trust fund we have to pay for that to return it,\u201d she explained.<\/p>\n[embedded content]\n<p>In 2008, Sens. John McCain (R-AZ) and Hillary Clinton (D-NY) proposed enacting the gas tax holiday. Obama blasted the two for it, for similar reasons uttered by Pelosi.<\/p>\n<p>\u201cWe don\u2019t know that the oil companies will actually pass on the savings,\u201d Obama <a href=\"https:\/\/www.foxbusiness.com\/politics\/obama-gas-tax-holiday-gimmick-biden-considering\">said<\/a> at the time. \u201cSo you\u2019re saving 5% in terms of the gas tax. It\u2019s not clear what would prevent the oil companies from just jacking up prices 5%. So you end up giving them more money. And we\u2019ve drained the Highway Trust Fund. Now, this is the problem with Washington. We\u2019re facing a situation where oil prices could hit $200 a barrel.\u201d<\/p>\n<p>\u201cOil companies like Shell and BP just reported record profits for the quarter and we\u2019re arguing over a gimmick to save you half a tank of gas over the course of the entire summer so that everyone in Washington can pat themselves on the back and say that they did something,\u201d he added.<\/p>\n<p>In an email sent to The Daily Wire, Katie Tubb, a Heritage Foundation research fellow for energy and environmental issues, explained that a reversal of Biden\u2019s environmental policies is what is actually needed to help lower prices.<\/p>\n<p>\u201cGas is almost $3 more expensive per gallon today than when Joe Biden took office, and his latest \u2018solution\u2019 is a temporary measure to lower prices 18 cents,\u201d Tubb explained. \u201cWhile taxes fundamentally increase the cost of all goods, Americans who are struggling intuitively see this move for the unserious response that it is.\u201d<\/p>\n<p>Tubb claimed that \u201cnew Heritage research shows that Biden\u2019s energy policies would increase gasoline prices by more than $2 a gallon every year between 2024 and 2040.\u201d<\/p>\n<p>The gas tax holiday actually could backfire, and drive prices up even more as more motorists hit the road and buy gas.<\/p>\n<p>\u201cAnd, ironically, temporarily suspending the tax could actually artificially incentivize short-term demand, driving prices right back up and wiping out any of the already-meager savings Americans might experience,\u201d she said.<\/p>\n<p>Tubb has previously <a href=\"https:\/\/www.dailywire.com\/news\/the-pain-is-the-point-energy-secretary-blasted-after-saying-summer-gas-prices-were-going-to-be-rough\">explained<\/a> to The Daily Wire that Biden\u2019s energy strategy disincentives oil and gas investment.<\/p>\n<p>\u201cThe solution is obvious \u2014 the Biden administration needs to unleash domestic energy production and take advantage of America\u2019s abundant energy resources,\u201d she said on Wednesday. \u201cThat will put downward pressure on prices both in the short and long term. Instead of an election-year gimmick, Biden should show leadership and work with Congress to allow more domestic production and unleash our energy sector\u2019s capacity to explore, drill, refine, and transport.\u201d<\/p>\n<p>Even Biden himself <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2022\/06\/22\/fact-sheet-president-biden-calls-for-a-three-month-federal-gas-tax-holiday\/\">admitted<\/a> on Wednesday that the \u201cgas tax holiday alone will not, on its own, relieve the run up in costs that we\u2019ve seen. \u201c<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Will a gas tax holiday actually help American consumers save money? Not according to multiple high-profile Democrats and energy experts. On Wednesday, President Joe Biden called on Congress to enact a \u201cthree-month federal gas tax holiday\u201d and suspend the 18.4 cents federal gas tax to help alleviate pain at the pump for Americans this summer. &#8230;<\/p>\n","protected":false},"author":326,"featured_media":1526138,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1526052","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1526052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/326"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1526052"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1526052\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1526138"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1526052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1526052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1526052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}