Trump Floats Temporary US Gas Tax Halt as Pump Prices Soar (2)

President Donald Trump voiced support for a gasoline tax holiday to counter rising prices at the pump, as the cost of oil soars while the war with Iran drags on.

Trump told reporters at the White House that he’ll seek to suspend the federal 18.4 cents a gallon tax on gasoline “until it’s appropriate,” though it’s unclear how much of the tax cut would reach consumers at the pump. Pausing the tax would require an act of Congress.

Trump acknowledged the savings to consumers would be a fraction of the run-up in prices related to the conflict.

“It’s a small ...