Biden Ponders More Free Money and Rebate Cards to Address Gasoline Pain

More Free Money 

Please note Biden may soon back a gas tax holiday — plus rebate cards — to address pain at the pump

The president said Monday he could make a decision as soon as this week on whether to support Congress instituting a pause on the federal gas tax of 18.4 cents per gallon, which experts have estimated could lower prices by approximately 14.72 cents per gallon.

Treasury Secretary Janet Yellen said on Sunday that the administration was open to considering such a move, citing the cost on consumers. As of Monday, the national average gas price was $4.98 per gallon.

“Gas prices have risen a great deal, and it’s clearly burdening households,” Yellen said during an appearance on “This Week” with George Stephanopoulos. “So [the president] stands ready to work with Congress and [gas tax holidays are] an idea that’s certainly worth considering.”

“Part of the challenge with the gas tax, of course, is that it funds the roads,” Energy Secretary Jennifer Granholm said on CNN. “[W]e just did a big infrastructure bill to help fund the roads. So if we do — if we remove the gas tax — that takes away the funding that was just passed by Congress to be able to do that.”

Biden told reporters on Monday that, as another relief measure, gas rebate cards were also under deliberation. “That’s part of what we’re considering,” he said when asked. “That’s part of the whole operation.”

It’s unclear, however, how such rebate cards would work — whether they would be pre-loaded or provide rebates post-purchase.

Unclear How It Works 

With this administration is unclear how anything works. That’s primarily because it’s difficult to find anything that does work. 

This is a political stunt unlikely to make it out of Congress anyway.

Meanwhile, please note Infrastructure Projects Create $25 Per Hour Bidding War For Employees.

So let’s do it all for free. Why not? 

Also note Germany’s Climate Protection Minister Mandates More Coal to Produce Electricity

Yet, mysteriously, the Greens are not only silent, they approve this message. But don’t dare suggest nuclear energy ether here or there. 

This post originated at MishTalk.Com.

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Bungalow Bill
Bungalow Bill
1 year ago
Because we don’t have enough inflation?
Doug78
Doug78
1 year ago
ColoradoAccountant
ColoradoAccountant
1 year ago
The A students go into science and medicine, the B students go into business, and the C students go into politics.
FromBrussels
FromBrussels
1 year ago
Studies are actually superfluous ; the very first requisite to become a politician is being a corrupt pathological LIAR ….
Lisa_Hooker
Lisa_Hooker
1 year ago
Reply to  FromBrussels
Not true. The first requirement is an overwhelming desire to help others. The second is total flexibility to bend to whatever your party wants you to say or do.
TheWindowCleaner
TheWindowCleaner
1 year ago
The problem with gas rebate cards is not that it’s the wrong thing to do it’s that its just another palliative and not a universally beneficial economic gift to both consumer and enterprise…in other words a PARADIGM/ENTIRE PATTERN CHANGE in the money system and economy…like my 50% Discount/Rebate policy at retail sale is. If you’re not smart enough to do the math and see how that single policy doubles everyone’s purchasing power, doubles the available demand for every enterprise’s goods and services AND macro-economically ends inflation forever…then you must have flunked 6th grade math. Wake up you deflationista libertarian economists and learn to think a new thought instead of simply bitching in an orthodox way. Sheesh!
Zardoz
Zardoz
1 year ago
Biden wants to fight inflation and climate change by handing out free money for people to buy gas with.
… or maybe he wants to buy re-election. Trump’s trump branded handout checks didn’t do the trick for trump…
RonJ
RonJ
1 year ago
Reply to  Zardoz
All politicians want to buy re-election. Government spending is their biggest campaign coffer. The tax payers eat it up.
Zardoz
Zardoz
1 year ago
Reply to  RonJ
There are exceptions… Yang and Booty Greg were pretty stand up guys, but look where it got them.
Bungalow Bill
Bungalow Bill
1 year ago
Reply to  Zardoz
I don’t think the Biden Part II campaign happens. I expect him to announce after the midterms he is one and done.
Zardoz
Zardoz
1 year ago
Reply to  Bungalow Bill
Might be strategic to draw all the mudslinging and then dip out at the last minute.
PapaDave
PapaDave
1 year ago
Its a win/win for me. Lower prices to fill up. Keeps demand and my oil investments strong.
Irondoor
Irondoor
1 year ago
It’s like the college loan forgiveness plan. Every few days, he says he’s “looking into it” and trots out a couple of his minions to bring it up on MSNBC or the Commie networks. Why? It’s a teaser to get attention off the real problems, for which they have no answer. He won’t do it right now because it’s too far from the midterms. The Dems know about our short attention span.
Webej
Webej
1 year ago
It’s obvious. It works both in Europe and in America.
If there is a shortage, give the consumers money. We all know that more money brings about more production (in 10 years time).
Meanwhile, the demand destruction (which has to happen, since scarcity drives pricing) will take place in poor countries with less powerful money-printing facilities.
Sebmurray
Sebmurray
1 year ago
The problem with the tax holiday is that what happens if the price still keeps going up? At some point the holiday ends, and consumers are slapped with a massive increase. That’s what happened where I live.
Guess they’ll just have to stick to fighting inflation with more inflation
TheWindowCleaner
TheWindowCleaner
1 year ago
Reply to  Sebmurray
Our taxes DO NOT ACTUALLY FUND OUR GOVERNMENT PROGRAMS. They are rubbished as soon as they reach the IRS. We are monetarily sovereign and create all of our money out of thin air. If we had the 50% Discount/Rebate policy at retail sale and didn’t tax anyone or any business we’d still be able to fund every government program and also have beneficial price and asset deflation. Taxation IS a legitimate right of government when it is utilized to guarantee compliance with the government’s rational goals which means its only 95% theft. Tax relief is just another aspect of the new monetary paradigm. Do the math so you actually understand the money system and how a new monetary paradigm would change the entire economic PATTERN. Also, stop making a fetish out of free market theory. Free market theorists have mistaken freedom for chaos. There is only freedom amongst known barriers in the temporal universe. That’s why you can’t walk into a theater and yell “Fire!” What we need is economic FREE FLOWINGNESS. That’s what a 50% Discount/Rebate policy does by providing beneficial macro-economic deflation and universal monetary abundance.
Lisa_Hooker
Lisa_Hooker
1 year ago
You have the basic idea. However my plan to allow everyone to print whatever amount of currency they feel they need is much better. Of course I would limit the denominations of currency to twenties as I am not crazy.
Jojo
Jojo
1 year ago
Reply to  Lisa_Hooker
Easier just set a minimum wage of say $500/hr. That should make most people happy.
Jojo
Jojo
1 year ago
My last fill-up for premium gas at Costco in the SF Bay Area was $6.50/gal. If they remove the gas tax, my cost would have been around $6.31/gal.
Whoop-DE-do.
Biden either needs to get OPEC/Saudi Arabia to pump more or he needs to remove sanctions on Iran and Venezuela (NOT RUSSIA!) and allow them to flood the market. Those are the choices that make sense and could get gas prices significantly lower, not lowering the cost of gas by 0.185/gal.
Webej
Webej
1 year ago
Reply to  Jojo
So now it’s suddenly great to be sponsoring Saudi Arabia, Iran, and Venezuela !?
Could’a saved a lot of grief to figure that out sooner…
Zardoz
Zardoz
1 year ago
Reply to  Webej
Be kind to the monsters so Karen McMommy’s wundersprogs don’t hand to ride the dirty old school bus.
Jojo
Jojo
1 year ago
Reply to  Webej
Gotta be flexible and make the least worst choice!

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