2008 Gas Tax Relief—It’s the New Green Collar Jobs!
posted by April 29 at 13:16 PMon
By popular request:
Hillary Clinton wants a gas tax holiday, Erica! What do you have to say about that?
OK, I’ll just say it for you:
Here’s some “maverick” thinking for you:
GOPDemocratic presidential candidate John McCainHillary Clinton wants to “spread [tax] relief across the American economy”“focus every day on ensuring that [American families] can make ends meet.” So will she be cutting the income tax? Providing a rebate on the sales tax, one of the most regressive taxes in existence?
Nope. According to the AP:Hillary Rodham Clinton criticized Barack Obama on Monday for opposing proposals to suspend federal gas taxes this summer, a plan she and Republican John McCain have endorsed. Obama didn’t take the bait. He ignored Clinton and focused on McCain.
Clinton would pay for her summer cheap gas scheme by taxing windfall profits from oil companies. Obama would also institute a windfall profits tax, but he would use the money to help low-income families pay their energy bills.
According to CNN,
Analysts and Obama said the proposal to suspend the tax temporarily would do little to stimulate the economy or lower gas prices and could leave roads in disrepair.
“It’s a quick fix for people who believe cheap gas is their birthright,” said Tom Kloza, chief oil analyst at the research firm Oil Price Information Service. “It’s not a prudent thing to do.”
Kloza said the amount of money motorists would save would do little to stimulate economic growth. The revenue from the gas tax is much needed for road repairs, he added.
“Look, somewhere down the road you have to use less,” Kloza said. “As painful as it might be, higher prices do sway behavior toward a more energy disciplined America.”