Cole Slams Biden’s Ridiculous Gas Tax Holiday Proposal

Washington, D.C. – Congressman Tom Cole (OK-04) released the following statement after President Joe Biden asked Congress to suspend the federal gas tax for the next three months. He also called on states to follow suit and temporarily suspend their own gas taxes.

"Calling for a ‘Gas Tax Holiday' is nothing more than a desperate measure from a desperate president that creates more problems than it solves. More importantly though, it would not even translate to real savings for the American people," said Cole. "In fact, it would worsen the nation's inflationary crisis and irresponsibly increase our national deficit and debt when interest rates on government borrowing are increasing. Moreover, it would raid the already overburdened Highway Trust Fund, which is financed by the federal gas tax, and slash critical infrastructure funding that pays for desperately needed highway construction and maintenance.

"President Biden already has the tools to ease the pain at the pump, but he refuses to acknowledge them. Instead, he is relying on more stunts for the appearance of action. If he truly wanted to make a difference, he could immediately reverse the disastrous energy policies he implemented on day one of his presidency and stop blaming other factors such as Putin's unprovoked attack on Ukraine and the hardworking men and women in the oil and gas industry, many of whom are in my district. This is a transparently partisan political stunt and a fundamentally bad idea."

###