Trump Floats Federal Gas Tax Holiday as Pump Prices Surge

The Trump administration is considering a temporary removal of the federal gas tax in response to soaring retail fuel prices that have dampened consumer sentiment, sending it to its lowest since the early 1950s. “I think it's a great idea,” the President told CBS News in an interview Monday.

“Yup, we're going to take off the gas tax for a period of time, and when gas goes down, we'll let it phase back in.