Wednesday, April 30, 2008

Gas Tax

You may have caught McCain or Clinton criticizing Obama for not supporting the summer holiday from the gas tax. McCain thinks it is a legit way to ease the burden of a poor economy and expensive gas on the American family. Clinton is joining the fray to present a united front with McCain which is another one of her cheap tricks to win more support.

The idea sounds great until you do any amount of research on it and find stuff like this...
It's [the gax tax] 18.4 cents per gallon. The average consumer will save about $30 over the entire summer if we scrap the tax. ... Clinton and McCain aren't challenging the existence of the tax: They are implicitly saying it's a good tax that we should all relish paying in the non-summer months. Clinton is doing this and arguing that higher taxes on energy companies should be part of the bargain. It's phony populism in the service of a "tax cut" that would fund one meal for two at Applebees, which may or may not include dessert.

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