The announcement is expected on Wednesday, officials said, when Mr. Biden is scheduled to deliver remarks on gas prices at 2 p.m. Eastern Time.
A suspension of the 18.4-cents-a-gallon federal gasoline tax and 24.4-cents-a-gallon diesel tax through September would require congressional approval, so a move by Mr. Biden to throw his support behind the effort would be largely symbolic.
House Majority Leader Steny Hoyer (D., Md.) told reporters on Capitol Hill Wednesday that he doesn’t know if Democrats have the votes in that chamber for the gas tax holiday Mr. Biden is proposing.
Mr. Hoyer noted that he and Speaker Nancy Pelosi (D., Calif.), along with House Transportation and Infrastructure Committee Chairman Peter DeFazio (D., Ore.), had expressed reservations about it.
“The president of the United States has proposed it. We’ll look at it,” Mr. Hoyer said. “We all agree the price at the pump is hurting working Americans.”
He said lawmakers would need to be assured that a gas tax holiday would actually bring the retail price of gas down for the consumer not just the wholesaler or retailer and that it wouldn’t deplete funds available for highways, bridges and other infrastructure projects.
Republicans panned the proposal as a gimmick and bad policy.
“President Biden’s proposal is like applying a Band-Aid to a gaping wound,” said Sen. Todd Young (R., Ind.) in a statement. He said a gas tax holiday would have a short-term impact without actually increasing energy supply.
“Consumers will respond by purchasing more gasoline, which will cause prices to rise, and ultimately there will be little benefit to families struggling with high fuel costs,” Mr. Young said.
Sen. Kevin Cramer (R., N.D.) said in a statement, “Suspending the gas tax is nothing more than a knee-jerk political stunt providing minimal relief while blowing a hole in our infrastructure funding.”