Letters to the Editor
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This post is disingenuous
Even if every word of this article is true it is dishonest and disingenuous. The Federal tax Hillary Clinton proposes to give us a holiday from is one that is imposed on the oil companies at the refinery. In other words Hillary is proposing giving the oil companies a tax break and is making an assumption that they will pass most or all of it on to consumers. That is a huge assumption, and not one that most economists believe is warranted.
The Indiana gas tax was a sales tax imposed on consumers at the pump. Thus any oil company wanting to profit from it would have had to raise the wholesale price specifically in Illinois, a move that would have been totally transparent as a blatant attempt to price gouge.
Mr. Frost is trying to compare apples and oranges. The fact that oil companies did not take advantage of a sales tax holiday in Illinois by regionally raising the wholesale price of gas in no way suggests that they would pass a tax reduction imposed at the refinery on to consumers.
It is this kind of shady logic that makes people like me distrust Hillary Clinton.