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Transcripts For CNN Early Start With Christine Romans and Laura Jarrett 20240707

any tax suspension would require of course action by congress. but the president will give a speech today throwing the administration support behind a three month gas tax holiday which would breathe new life into an issue that has so far been stalled on capitol hill. kevin liptak is live for us with this news. what is the administration saying about this? reporter: officials are certainly very bullish on this move. and it is something that the white house had been considering for months. they held off until now, but clearly president biden wants to show that he is taking some initiative on this issue and so in a speech later today the president will call on congress to pass a three month suspension of the gas and diesel tax. he wants to go until the end of september. he will also call on states to temporarily suspend their own gas taxes and he will renew these calls for oil and gas companies to up their refining capacity. and so administration officials claim that taken tog

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