With gas prices continuing to set records both in California and nationally, Rep. Adam Schiff announced a proposal Tuesday to suspend the federal gas tax in an effort to ease the pain at the pump.
"For months now, a combination of Vladimir Putin's invasion of Ukraine, ongoing supply chain issues and price gouging by the oil companies have been steadily driving up the price of gasoline, to more than $4.50 a gallon nationwide and more than $6 a gallon here in Los Angeles,""Yet in spite of this volatility, one thing has remained the same: Big Oil's skyrocketing profits.
His office said the Highway Trust Fund would instead receive funding through a 50% tax on oil industry profits.
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