Gas Tax Holiday: A Band-Aid on a bullet wound
The gas tax holiday proposed by opponents Senators Clinton and McCain is nothing more than a campaign gimmick.
Both candidates know that it doesn’t make fiscal sense; they also know that by proposing something like this that the American people will not look into whether or not it makes fiscal sense.
Again, this is an assault on our intelligence as voters. They think that we don’t understand that the suspension of a federal tax would cause long terms economical problems in an economy that is now in recession. The experts that have weighed in on the ‘gas tax holiday’ are even saying that it might not even lower the price of gas for consumers.
I’ll be honest when I first heard John McCain propose to cut gas prices I was happy, but then I realized that it would be a mere band-aid on a bullet wound. Suspending the gas tax for three months will only create more problems. Even if the overall price of gas was lowered by 18 cents per gallon, on a typical 13 gallon fill up that’s a whopping savings of over $2.
Big deal
McCain and Clinton also know that there is no way that the House and Senate could pass the bill in time for the ‘holiday.’ Congress just doesn’t work that fast.
Instead of taking money away from our country’s infrastructure how about we tax the oil companies (over a certain threshold of profit) who despite a ’supply problem’ still manage to make billions of dollars a month in profit ?
May 5th, 2008 at 6:57 pm
I agree that the gas tax holiday is a ridiculous political ploy that does nothing to solve any problems. I drive nothing but gas guzzling smog belching vehicles exclusively and based on my gas usage I figured that I would save a whopping one time $54.00. As you say…big deal…