Monday, May 5, 2008

Federal Gas Tax Holiday Just a Gimmick

Candidates Clinton and McCain are both doing what politicians do best - pandering for votes and making empty promises. They have both tried to take advantage of voter's concerns over high gasoline prices by talking about a federal gas tax holiday (pandering for votes). I calculated that a suspension of the 18¢ a gallon gas tax for the summer months would save my family around $60-75. That assumes that I would actually see any savings. I'm guessing that the 18¢ a gallon would actually end up in the pockets of the oil companies and that I would pay roughly the same for gas. The gasoline tax is actually one tax that I don't mind paying. The gas tax finances road building projects nationwide, which is actually a legitimate function of the federal government. Of course, neither Clinton or McCain has yet to introduce any legislation to enact their plans (empty promises). Hopefully the voters are not gullible enough to fall for this ruse.

It would be refreshing if one of the candidates actually presented a long-term energy plan instead of feel good platitudes. Maybe something like leadership on promoting nuclear technology as an alternative power source. Or how about a $70 billion prize to makers of the first alternative fuel vehicle that people would actually want to drive (I just threw $70 billion out there because that is the amount Bush just requested to fund the continued occupation of Iraq and Afghanistan for another year). Instead we get farm subsidy-driven ethanol (more pandering for votes) leading to food riots in the third world.

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