US President Joe Biden pre-Barack Obama at an event on April 5, 2022 in the East Room of the White House in Washington, USA, on the former president’s best legislative achievement, the reform of the medical insurance system. Standing with the president.
Rear Millis | Reuters
Former president Barack Obama During his 2008 campaign, he called opposition to the federal gas tax holiday “one of our proud moments,” but his second Vice President said. Joe BidenNow that he is in charge of the White House, I think such a holiday is in great need.
Biden’s aspirations 3 months grace period Federal and petrol taxes are witnessing consumer approval prices plummet as consumer fuel prices soar and the Democratic Party just months before the November midterm elections.
It’s still unclear if Congress will go to sell Biden for a petrol tax holiday, and if he sees a positive reaction from voters to it.
But his former boss, Obama, opposes the relief of American drivers’ short-term notebooks in 2020’s best-selling memoir, The Promised Land, because it could lead to long-term financial damage. Advertised the political interests of doing.
In fact, Mr Obama said his lock on the Democratic presidential nomination took place shortly after that decision in the spring of 2008.
At that time, Obama was trapped in a major battle with former New York Senator Hillary Clinton, who fired as a result of a controversial sermon by his minister, Jeremiah Wright.
“Then we got some help from an unexpected quarter,” Obama wrote.
“Gas prices were soaring,” and “nothing made voters feel as bad as soaring gas prices,” he wrote.
Senator John McCain of Arizona, the final Republican presidential candidate of the year, proposed a suspension of the federal gas tax, as Biden is currently doing, “Hillary immediately approved the idea. “Obama wrote.
When Obama’s campaign team asked him what he wanted to say about the issue, he wrote, “I said I was against them.”
“Although it has superficial appeal, we knew that we would run out of money on the already depleted federal highways, reducing infrastructure projects and employment,” the former president wrote.
“Based on my experience as a member of the State Senate Illinois, who once voted for a similar proposal, I was convinced that consumers would not benefit much. In fact, gas station owners have higher gasoline prices. It could be maintained. By returning the savings of 3 cents per gallon to the drivers, they boost their own profits. “
Obama wrote, “a little surprised,” that his top campaign adviser agreed with him. And the next day, outside the gas station, he discussed his position with reporters, “in contrast to the typical Washington solution proposed by both McCain and Hillary,” “serious long-term energy.” I called it “policy.” ..
Obama then said that both McCain and Clinton were indifferent to the finances of the working family, saying, “We’re filming TV ads on this issue and broadcasting them non-stop across Indiana and North Carolina.” He wrote that he “doubled” his argument after trying to portray.
“The easiest thing for politicians in the world is to tell them exactly what you want to hear,” Obama said at the time, calling the petrol tax holiday a “gimmick.”
“It was one of our proud moments, and we took a tough position without the benefits of polls and in the face of experts we thought were crazy,” Obama wrote. rice field.
“The voting data is beginning to show signs that voters are buying our argument,” he wrote.
Shortly thereafter, Obama defeated Clinton by 14 percent in the North Carolina primary, “more surprisingly, he scored an effective tie in Indiana and lost only a few thousand votes,” Obama wrote. ..
There will be six more primaries before the Democratic contest officially ends, but “the results of the night told us that the race was basically over,” he wrote. .. “I will be a Democratic candidate for the President of the United States.”
More recently, another top Democrat, Congressman Nancy Pelosi of California, has repeatedly criticized the idea of a federal gas tax holiday.
In April, Pelosi called the holiday idea a “good public relations”, but added that “savings, or federal tax cuts, are not guaranteed to be returned to consumers.”
A month ago, Pelosi called this idea “very entertaining.”
Biden, who is to talk about his proposal for a federal gas tax holiday on Wednesday afternoon, will ask the state to suspend their own petrol tax.
Currently, gasoline has a federal tax of 18.4 cents per gallon and diesel fuel has a federal tax of 24.4 cents per gallon.