McCain and Clinton both proposed different versions of a gas tax holiday over the summer. As a lower middle class American I understand the pressure that high fuel prices put on families. Recently we payed 40$ for half a tank of gas because we needed to make it to payday. So I sympathize with those who are willing to support anything that promises relief.
While I wish our problems would be helped by something as simple as a tax holiday, the reality is this will only make the problem worse. So I applaud Senator Obama for having the personal courage to stand by the right decision in the face of public pressure. Like any great leader Obama understands that what is easy and comforting is not always best.
Thanks to MyDD for pointing me to this great video.
Since I am not an economist, and the few classes I have taken on economics made me never want to be, I am providing a small selection of articles about the gas tax. If you doubt what Obama is saying about the gas tax then please read these.
- Economists Knock Proposed Gas Tax Break
- Expert Support For Gas Tax Holiday Appears Nonexistent
- Dumb as We Wanna Be
- Gas Tax Holiday Splits Clinton And Obama: Who’s Right?
- What to Do About the Oil Crisis
- Gas tax follies
- Candidates’ plans to cut gas prices
William ~ WWJV4.com
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2008-05-05 09:20:48
I have to go with Obama on this one too.
I also think that supporting a holiday, especially with a proposal for a windfall profit tax on the oil industry is a politically smart move by Clinton. She’s nothing if not shrewd. However, I view this as just part of the continuing move to defund government, which is part of the problem with why “our government can’t do anything right” conservative philosophy.