Biden asks Congress for gas tax holiday to lower record pump prices

"I fully understand that a gas tax holiday alone is not going to fix the problem but it will provide families some immediate relief," Biden said.

U.S. President Joe Biden on Wednesday called for a three-month suspension of the federal gasoline tax to combat record prices, but opposition from lawmakers within his own party suggests the request may never be met.

American families paying much more for gasoline deserve some financial relief, Biden said as he pushed Congress to act, while commenting that a suspension of the 18.4 cents per gallon tax was not enough.