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federal reserve is directly contradicting the president about the main driver behind that inflation. white house correspondent jacqui heinrich starts us off live tonight from the north lawn. good evening, jacqui. good evening to you, bret. for now rebate cards are out and the federal gas tax holiday is in. president biden s problem few democrats don t see the point. i fully understand that a gas tax holiday alone is not going to fix the problem. but it will provide families some immediate relief. president biden wants congress to suspend the federal gas tax for 90 days to bring down prices at the pump. but evidently didn t nail down lawmaker support before making the public plea and congress is lukewarm. house speaker nancy pelosi writing: we will see where the consensus lies on a path forward. democrat senator joe manchin indicated the votes may not be there at all telling abc. i m not a yes right now that s for sure. even if congress gets on board, there is ....
Extra cash. i call on the companies to pass this along every penny of this 18 cents reduction to the consumers. this is there s no time now for profiteering. suspendings the federal gas tax would cost $10 billion in revenue that typically goes to highway maintenance. the national association of manufacturers called it a step backward after biden passed the bipartisan infrastructure law. the committee for responsible budget saying it will actually make inflation worse. this is a total gimmick. at best, this is going to reduce the inflation rate over the next three months by 0.1%. and then as soon as the holiday is over, it s actually going to make inflation even worse that there was no holiday at all. in front of a screenplaying images of war coverage in ukraine, president biden again blamed high prices on vladimir putin. to for all those republicans in congress criticizing me today for high gas prices in america, are you now saying we were wrong to support ukraine? ....