Lift on gas tax ludicrous
Senator McCain is pushing for a lift on the federal gas tax for the summer, says CNN. It would start on Memorial Day and end on Labor Day, and drop the price of gas by 18.4 cents. According to CNN, the average consumer would save approximately $2.35 per fill-up and approximately $30 during the course of the summer.
Senator Obama argues that that has limited impact on consumers. Drivers would “have a little money left over, maybe to buy a better meal, maybe to buy something for their kids,” McCain argued. Apparently, McCain hasn’t been out to eat in a while. $30 will barely buy a meal for a family of four at McDonalds, let alone a nicer place.
However, the lift on the tax snowballs: a moratorium on the gas tax for that duration would cost the government $10 billion in federal highway maintenance funds.
Personally, I’d save approximately $2.00 per fill-up. However, for 60 days following the receipt of my BP gas card, I’ll be saving 10% when I fuel at BP, and those stations are common in the Pittsburgh area. Plus, BP doesn’t buy middle-eastern oil.
Rather than advocating empty, if not detrimental gestures, McCain should start examining his foreign policy, monetary policy, and basic economic theories.
Additionally, the article reminds readers of McCain’s proposal for a $5,000 tax credit for families to purchase health insurance. The Kaiser Family Foundation estimates the cost of such a thing to be $12,000 per year for the Mom, Dad, Sister, and Brother. Again, McCain is not sufficiently taking all things into account. What will replace the $5,000 each family could potentially receive? More business taxes? A higher tax rate for everyone? Couldn’t this technically be considered to be socialized healthcare?
Wow, McCain sounds like is a stereotypical Democrat.
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Dwayne Sudduth:
Right on..As soon as I heard that, I did rough math in my head, and figured I’d save about $1.80 every time I fill up, because I usually put about 10 gallons in my car per fill up.. I only fill every two weeks, so I’d save about $11.60. Now my wife is different, She might save about $35 over the course of the summer.. Woohoo..That’s about one half of one month electricity. Quick! Let me stimulate the economy..
1 May 2008, 8:47 pmMarty:
What is worse than the“have a little money left over…” line McCain is using to advocate this cut is the fact that he is ultimately ignoring the big problem: oil dependency. No tax cut is going to change the fact that we rely on foreign energy in order for this country to function. Now THAT is a real issue of national security.
2 May 2008, 9:42 pm