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Biden mocks oil company ceos and hints he’s open to federal gas tax

‘I didn’t know their feelings would be hurt so quickly’: Biden mocks oil executives who complain about his criticism, while hinting he is open to a federal gas tax

  • President Joe Biden mocked oil CEOs who complained about his criticism
  • Biden was asked about Chevron Chief Executive Michael Wirth, who wrote to Biden to say his administration ‘slandered’ the gas industry
  • “He’s slightly sensitive,” Biden joked. ‘I didn’t know they would get hurt so quickly’
  • Biden administration is under pressure to do something about gas prices as national average hit $5 a gallon
  • Biden said he would have a final case on suspending the gas tax by the end of the week, but appeared to indicate he was considering it

President Joe Biden on Wednesday mocked oil CEOs who complained about his criticism, saying he didn’t know they would get their feelings so hurt when he hinted he was open to a federal gas tax.

Biden was asked about Chevron Chief Executive Michael Wirth, who wrote to Biden saying his administration was “defaming” the gas industry.

“He’s slightly sensitive,” Biden joked. “I didn’t know they would get hurt so quickly.”

Earlier this month, Biden reprimanded oil companies for making record profits and urged them to increase oil production to lower gasoline prices.

“Your administration has largely sought to criticize and sometimes defame our industry,” Wirth said in a letter to President Biden. “These actions are not conducive to meeting the challenges we face.”

President Joe Biden mocked oil CEOs who complained about his criticism, saying he didn't know their feelings would be so hurt

President Joe Biden mocked oil CEOs who complained about his criticism, saying he didn’t know their feelings would be so hurt

President Biden's administration is under pressure to do something about gas prices as the national average is $5 a gallon

President Biden’s administration is under pressure to do something about gas prices as the national average is $5 a gallon

The government has weighed several options to give Americans relief at the pump, where the national average for a gallon of gas has reached more than $5.

Biden said he would have a final case on suspending the gas tax by the end of the week, but appeared to indicate he was thinking about it.

He said Tuesday that a possible suspension of the federal gas tax would have some, but not significant, impact on highway funds.

“It will have some impact, but it will not affect major road construction and major repairs,” he said.

And when asked if that meant he had made a decision, Biden reiterated his earlier claim that he would decide by the end of the week whether he would ask Congress to suspend the tax to help with high gas prices.

Proceeds from the gas tax are used to finance highway and other transportation projects.

He said the federal government has enough money to pay for its infrastructure plan even if the gas tax were to be suspended.

‘We have enough capacity for that,’ he says.

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“Your administration has largely sought to criticize and sometimes defame our industry,” Chevron chief executive Michael Wirth said in a letter to President Biden.

Biden also suggested Monday that there was an opportunity to send gas discount cards, similar to those proposed in states such as California.

And he said his staff would meet with oil CEOs to discuss the country’s high gas prices.

“My team is meeting with the CEOs of major oil companies this week and decides to get an explanation of how they justify making $35 billion in the first quarter,” Biden said.

And he took a knife to former President Donald Trump’s tax reform bill, which cut corporate tax rates — something Biden said the US could revisit as it battles 41-year high inflation.

“Going out and buying a yacht doesn’t help the economy much,” the president said.

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