Saturday, May 3, 2008

Lets take a gas tax holiday

The current craze that is all the talk amongst the politicians is the proposed "gas tax holiday." Interestingly enough, it is one of the few main issues that Obama and Clinton have strongly disagreed on (compliments of carpetbagger). The issue was actually brought up by Old Man McCain about a week ago. The proposed gas tax holiday would cost 11 billion big ones a year and would take place during the summer months. It would shave approximately 18 cents off current gas prices. A minimal amount taken off of the already skyrocketing price of gas. Nonetheless, it would help everyone and is a heavy issue that most Americans can relate to and are concerned about. Hillary Clinton agrees with the Old Man while Barack Obama strongly opposes the proposition. Mccain and Clinton, both supporters of the tax, have different views on how to go about enforcing it. McCain would relieve the cost (11 billion) with the Highway Trust Fund. Clinton proposes enforcing a tax on the oil companies to cover the costs. Although Hillary's plan sounds awfully appealing it also sounds fairly unrealistic. And this is exactly what Barack Obama is saying. The article linked to the above "carpetbagger" is a great piece that goes over the problems such a tax would create. I encourage you to read it. Meanwhile, check out this short clip that explains why Obama has the correct view in regards to the gas tax:

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