5.03.2008

310,750 reasons...

to oppose the Clinton/McCain Gas Tax Holiday according to American Road & Transportation Builders. That's right, that $30 you might save will cost that many jobs. Over 6,300 of them right here in Indiana.

Does anyone else think that her insistence to stand by this awful idea is reminiscence of what we have had to deal with over the past seven years? I for one am tired of some petulant politician refusing to admit when he/she is wrong and refusing to listen to the experts - like the 150 leading economist that have come out against Clinton/McCain:

In recent weeks, there have been proposals in Congress and by some presidential candidates to suspend the gas tax for the summer. As economists who study issues of energy policy, taxation, public finance, and budgeting, we write to indicate our opposition to this policy. Put simply, suspending the federal tax on gasoline this summer is a bad idea and we oppose it.

There are several reasons for this opposition. First, research shows that waiving the gas tax would generate major profits for oil companies rather than significantly lowering prices for consumers. Second, it would encourage people to keep buying costly imported oil and do nothing to encourage conservation. Third, a tax holiday would provide very little relief to families feeling squeezed. Fourth, the gas tax suspension would threaten to increase the already record deficit in the coming year and reduce the amount of money going into the highway trust fund that maintains our infrastructure.

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