The Washington Independent: Damn the Economists, Full Speed Ahead
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ajm8127 · 1 year agoThis 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.
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strangely_enough · 1 year agoWhat guarantee is there that gas prices will actually go down as a result of suspension of the tax?
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kyjurisdoctor · 1 year agoThe gas tax rebate or holiday (or whatever you may want to call it) is nothing but political pandering at its WORST!