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CNN CNN Newsroom With Alisyn Camerota and Victor Blackwell July 7, 2024

reporter: so he s going to be pushing for this three-month gags holiday, and basically that would mean a 90-day suspension of the federal gas tax. if you re wondering what that s going to save you when you re actually at the pump, right now the federal gas tax is about 18 cents for a regular gallon and 24 cents for a gallon of diesel fuel. so not really that big of a difference when you re looking at an average price of gas. it is getting close to $5. of course it topped $5 earlier this month. so that s been a big question for lawmakers because getting this done is not just something that the president can do on his own. yes, he s about to call for it any moment now. but it really requires an act of congress on capitol hill to actually get this passed. and you re already see something concern even from democrats in the president s own party about whether or not this would actually make that big of a difference, and if it s worth what it would do. one of those concerns ....

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CNN CNN Newsroom With Alisyn Camerota and Victor Blackwell June 4, 2024 18:46:00

people broke into my daughter-in-law s home, and my son has passed, and she s a widow. and has two kids. and so we re very concerned about her safety also. all based on lies that they knew were lies. should there be some consequence for the troerror that they caus? yes. i assume that these ladies have some kind of legal recourse because they were slandered, defamed, libeled, i m not a lawyer, whatever the term is. i hope they get all the legal recourse that s due them in the civil system. at the same time, i hope people are looking at whether they were terrorized in a criminal fashion. these people showed up to do their job as part of the machinery of american democracy. the defused nature of our election system depends on people just like this. and thank god for the defused nature of the system because it prevents someone from hijacking it by throwing a switch, you know, somewhere in washington, d.c. so these are necessary people. they are patriots. they are part of the essentia ....

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CNN CNN Newsroom With Alisyn Camerota and Victor Blackwell June 4, 2024 18:10:00

Explanations from companies and economists about why it normally takes time for these price reductions to reach the consumer. i might note that the price of a barrel of oil goes up, it doesn t make take much time for the price at the pump to go up. let s be honest with one another. my message is simple to the cultures running gas stations and setting those prices at the pump, this is a time of war, global peril, ukraine. these are not normal times. bring down the price you are charging at the pump to reflect the costs you are paying for the product. do it now. do it today. your customers, the american people, they need relief now. so let me summarize. today i m calling for a federal gas tax holiday, state gas tax holiday for the equivalent relief to customers. oil companies to use their ....

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CNN CNN Newsroom With Alisyn Camerota and Victor Blackwell June 4, 2024 18:03:00

Congress. one it doesn t fix supply which is too low. it actually supports demand which is too high right now. also, there s no guarantee that the savings get passed along to consumers. it has gotten passed along at the state level. goldman sachs put out a report saying that may not be the case at the federal level, and let s not forget about the loss of revenue. the gas tax goes to fund the repairs and building of roads, and those costs have only gone up. i think this is why back in the spring of 2008, future president obama blasted this idea of a gas tax holiday as a gimmick. in a lot of ways, this does feel like more of a political move than one really aimed at fixing the underlying issues. all right. we are told that the president is walking out now to discuss this proposal. would like to talk about the actions i m announcing to bring down gas prices. first today i m calling on congress to suspend the federal gas tax for the next 90 days, through the busy summer season, ....

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