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Damn the Economists, Full Speed Ahead

Started by washingtonindependent · 10 months ago

Hillary Clinton’s campaign was pressed Thursday about how Clinton can stand by the gas tax holiday that she and John McCain have proposed, despite a flood of criticism from economists and others — and apparent conflicts with her long-term economic and environmental plans.%0 ... Continue reading »

3 comments

  • This is why educated people typically vote for Obama. If you really want to give people a break, why don't you cut the diesel tax (24 cents/gallon)? Wouldn't that drive down prices across the board due to the fact that trains and trucks have a hand in the transportation of almost all goods we buy? Although, I don't think any tax cut on petroleum products is a good idea. Those taxes are what the states use to keep our roads and bridges safe. Also, what happens at the end of the cycle when demand is higher, supply is the same, and the tax is being reimposed. Any economist will tell you that the prices will skyrocket. Telling people what the want to hear may get you elected, but finding a realistic solution, however less politically favorable, would be the best way to go.
  • What guarantee is there that gas prices will actually go down as a result of suspension of the tax?
  • The gas tax rebate or holiday (or whatever you may want to call it) is nothing but political pandering at its WORST!

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