White House studies options on gas prices as Sanders pushes profits tax

Liberal Democrats in Congress try to push President Biden into a more adversarial approach with industry over prices at the pump
 

The Washington Post

By Jeff Stein
 March 25, 2022
 
 The White House is studying a range of potential responses to rising gas prices as top Democrats in Congress push the administration to embrace a new tax on large corporate profits ahead of the 2022 midterm elections.
 With the price of gas jumping after Russia’s invasion of Ukraine and remaining high, Biden administration officials have in recent days conducted what is described as wide-ranging internal talks about potential ideas for bringing relief to consumers.
 The ideas they have discussed include a major release of the nation’s oil reserves, loans and other incentives to energy producers to encourage production, and a federal gas tax holiday, according to two people with knowledge of the conversations, who spoke on the condition of anonymity to describe internal discussions.

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