Is it too little, too late for GOP?
The Daily Punch
Punchbowl News
4.3 • 707 Ratings
🗓️ 12 May 2026
⏱️ 13 minutes
🧾️ Download transcript
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| 0:00.0 | Presented by CTIA. |
| 0:02.0 | Wireless and AI are combining to drive the future of innovation, |
| 0:06.0 | bringing AI from the cloud into the real world. |
| 0:09.0 | Physical AI will work alongside us in factories, hospitals, and on the front lines of public safety. |
| 0:15.0 | Meeting its connectivity demands requires new mid-band spectrum and policies that accelerate infrastructure deployment. |
| 0:21.4 | The country that leads this convergence leads the future. Learn more at cTIA.org. |
| 0:26.9 | Thank you. Good morning. I'm Anna Palmer. And I'm Jake Sherman. And welcome to The Daily Punch, brought |
| 0:41.5 | you by Punchful News. It's Tuesday, May 12th, 2026. Let's get in the mix. Here are your Washington headlines |
| 0:47.1 | of the day. Number one, is Trump doing enough on affordability? Number two, Heggseth, |
| 0:52.1 | Hill, Gauntlet. And number three, what we're watching in Nebraska and |
| 0:55.7 | West Virginia primaries today. All right, Jake, let's get to it. Affordability has been the buzzword. |
| 1:01.8 | The Trump administration has said there isn't an affordability problem. Now they are saying, |
| 1:06.9 | hey, guys, wake up. We need you to be doing more when it comes to housing, when it comes to a potential gas tax holiday. |
| 1:13.6 | Is this pivot going to be enough for Republicans as they look to the midterm election? |
| 1:18.8 | I don't know. How does that sound? Let's just review a few things. Trump administration yesterday, or the president himself, called for a gas tax holiday the federal gas tax |
| 1:28.8 | is 18.4 cents per gallon it is a statutory so congress theoretically unless there's something novel |
| 1:36.0 | like that the administration will stop collecting the tax Congress needs to pass it right |
| 1:41.3 | Congress needs to pass a bill to suspend the gas tax, rather. That is |
| 1:45.9 | something that I think Congress can do, and we reported in the PM edition last night, that they |
| 1:51.8 | could do this as soon as next week in the House of Representatives. But if you think about it, |
| 1:55.9 | Anna, the point that we're making this morning in the top is that this just this dr jekyll and mr |
| 2:01.9 | hide kind of dynamic right which is the administration is calling for gas tax holiday trying to |
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