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Obama is wrong about the gas tax
Think Clinton's plan to suspend the gas tax temporarily is a bad idea? A similar measure in Illinois -- which Obama backed -- seems to have helped consumers.
By George Frost [2008-05-06]

  • The obvious question too - how do you put it back?

    The obvious question too is - how do you put it back?

    That is, after you've dropped the price of gas by 18 cents, which arguably will be absorbed by oil company profits, how will they ever put it back?

    Think how unpopular it's going to be to add 18 cents to the price of gas when this expires? The answer is, it probably won't be feasible to do because of the public outrage (particularly if gas has risen to $4 per gallon).

    In the end it'll be more "starve the beast".

    Let's not forget the complication for the IRS and yes, the oil companies and gas stations, to be turning off and on tax settings. There's no possible way that this can be implemented in real time (ie: before this summer).

    Which means, it's just pandering.

    -- scathew
    [Read scathew's other letters]
    Tuesday, May 6, 2008 09:34 AM
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