Even as the U.S. and Iran wrestle over an agreement to reopen the Strait of Hormuz, surging gas prices have turned the government's attention to a perennially popular fiscal scam: ease the pressure on household budgets with a gas tax holiday. In reality, such a plan to curry favor with voters would make them, all things considered, worse off.

Back in 2022, President Joe Biden also called for a temporary suspension of the gasoline tax when Russia's attack on Ukraine sent energy costs soaring. Now, with the price of gas back above $4 a gallon and midterm elections approaching,........

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