Happy "Holiday," Motorists! Well, Maybe Not So Much.

On June 22, by popular demand, US president Joe Biden asked Congress to pass a three month "holiday" on collection of the federal gasoline tax. With prices hovering at around $5 per gallon, Americans want something done.

I'm all for it. I hate taxes, and I'm all for tax cuts, in any amount, for any length of time. Yay, Biden!

But before breaking into a collective happy dance over the "holiday" proposal and how great it's going to be for our wallets, let's look at some numbers.

According to the US Energy Information Administration, Americans used about 135 billion gallons of gasoline -- about 4...

 

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