WASHINGTON—President Biden is planning to call for a temporary suspension of the federal gasoline tax, according to people familiar with the matter.

Mr. Biden and his advisers have been discussing the issue for months in the midst of increasing political pressure to take action to address record-high gas prices. The announcement is expected Wednesday, some of the people said. The White House said Mr. Biden would deliver remarks on gas prices at 2 p.m. Eastern Time, but didn’t provide any details on the speech.

This post first appeared on wsj.com

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