Taxes

Republicans are making inflation a midterm election issue, yet some of them are working with Democrats to make Americans' pain even worse by calling for a tax increase.

The Illinois government announced the state is suspending its sales and use tax on certain grocery items for one year, beginning July 1, 2022 and going through June 2023.

Republicans want California Gov. Gavin Newsom to suspend the state's gasoline tax, the highest in the nation at 51 cents, as fuel prices top $6 a gallon.

The Internal Revenue Service has a massive backlog of unprocessed tax returns, delaying refunds for millions, according to a report from the national taxpayer advocate.

Washington Gov. Jay Inslee and Oregon Gov. Kate Brown indicate that they would not pause their states' gas taxes, as President Biden urges Congress to suspend the federal tax.

The IRS said Tuesday that it has almost finished processing roughly 8 million unprocessed tax returns from 2022, but it still has millions of paper returns from 2022 that need to be processed.

President Biden is considering pausing the federal gas tax, but critics say the suspension could ultimately cause already red-hot inflation to spike even higher.