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.
