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An exact science. there are so many slipping points in the analysis. >> well, listen. i was thinking five years or so. look at what happened, you know, with the housing market in 2007 and so it took that long. you don't think it is going to be that long. okay. good. >> if you're those are terrible precedents. we are not nearly in the kind of trouble we were in in either case. >> great, great. let's talk about gas prices, paul. president biden is thinking about implementing the federal gas tax holiday. that temporarily suspends the 18.3-cent per gallon tax on gas. do you think that would actual...

How long? is there any way to predict that? >> well, yeah. this is one of those, you know, i would say a year and a half plus or minus two years, right? >> okay. >> so this is really, really not an exact science. there are so many slipping points in the analysis. >> well, listen. i was thinking five years or so. look at what happened, you know, with the housing market in 2007 and so it took that long. you don't think it is going to be that long. okay. good. >> if you're thinking 2007 as a lot of people are, 1980 as some people are. those are terrible precedents. we are not nearly in the kind o...

We're americans. we can do both. we're the most qualified people in the world. let me close with this -- even as we lead the world in defending democracy and standing up to a brutal auto accurate, there are actions we can take to help american families now. we have taken them. we are taking them. the federal gas tax holiday, state gas tax holiday, bringing back refineries, putting them back on line. we just have to keep going. i promise you i'm doing everything possible, everything possible to bring the price of energy down, gas prices down. i want to make sure we all work on this together. ma...

President alone. it polls very well and would be an instant rebate for so many drivers. but, you know, the drawback is it doesn't really fix the problem to begin with. and a lot of people see it sort of as a gimmick because taxpayers then have to fill that hole anyway because that money is used to fix roads and do infrastructure projects and run state agencies. it is 18.4 cents. 18.3 cents a gallon is the federal tax. another penny on there, another bit on there that is a fee. and it is different, some states on average have, like, 30 cents more. you are paying a lot in taxes. but it is intere...

I'd like your reaction as jim clyburn was with me yesterday, the house majority whip. he thinks it would help. this is from clyburn. >> gasoline for a gallon has gone through the roof. so a gas tax relief would be i think a proper way to address this issue. >> neil: is it your sense, congressman, that that's what the president will do by the end of the week? >> well, you know, i don't know exactly what the president will do. i've not talked to the president about this. i think from what i've heard today that this is what he's considering. i think it's a good thing. >> neil: i want to ask you a...