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Gas Tax Elimination: Economic Panacea?

Posted by billspaced | 11:30 AM | | 0 comments »

Barack Obama says
Both John McCain and Hillary Clinton, two of three presidential front-runners, have said that they would like to suspend the federal gasoline tax for a period of about three months, presumably to serve as a short-term economic stimulus.

Barack Obama disagrees, and I agree with Barack:

At a meeting with voters in North Carolina on Monday, Mr. Obama said lifting the gas tax for three months would save the average consumer no more than $30, a figure confirmed by Congressional analysts. Mr. Obama has previously dismissed Mr. McCain’s proposal as a “scheme.”

“Half a tank of gas,” Mr. Obama told his audience. “That’s his big solution.”
Yeah, right. I'll go right out and buy 1/100 of a plasma Hi-Def big screen television. Can I get 99 others to join me? We can share.

Democrats Divided Over Gas Tax Break - New York Times
Greg Mankiw's blog
Clinton-McCain gas tax holiday slammed as bad idea

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