I'm not trying to criticize any particular candidate for President, nor am I revealing my political views. I'm only saying...... "yeah, right, do you really think the feds will actually let us have this?" I'm betting that if they do, ultimately, give us a "gas tax holiday," it will be too little too late, as in, by the time they get around to implementing it, summer will be over!
McCain Proposes Break in Gas Taxes
By LIZ SIDOTI,AP
Posted: 2008-04-15 12:46:25
PITTSBURGH (April 15) - John McCain wants the federal government to free people from paying gasoline taxes this summer and ensure that college students can secure loans this fall, a pair of proposals aimed at stemming pain from the country's troubled economy.
[snip out a few paragraphs of polical bashing that has nothing to do with the subject]
It's part of an ongoing effort to counter the notion - fueled by his own previous comments - that he's not as strong on the economy as he is on other issues. He's also seeking to fend off criticism from Democrats, including Obama and Clinton, that his small-government, free-market stances don't mesh with people feeling the pinch - particularly those hurting now.
His speech comes a day after he said he believes the country has already entered a recession, a label the Bush administration has resisted even as a credit crisis, a housing slump, soaring energy costs and rising layoffs combined to soften the economy.
It also comes the same morning as the Labor Department reported another worrisome sign for the economy: Inflation at the wholesale level soared in March at nearly triple the rate that had been expected as the costs of energy and food both climbed rapidly.
To help people weather the downturn immediately, McCain was calling for Congress to institute a "gas-tax holiday" by suspending the 18.4 cent federal gas tax and 24.4 cent diesel tax from Memorial Day to Labor Day. He also renewed his call for the United States to stop adding to the Strategic Petroleum Reserve and thus lessen to some extent the worldwide demand for oil.
Combined, he said, the two proposals would reduce gas prices, which would have a trickle-down effect and "help to spread relief across the American economy."
[snip out other parts having to do with student loans, etc....]
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