Thursday, May 1, 2008

Should Gas Taxes Be Lowered?

Is it a valid question or just another case election vote buying?

McCain recently proposeda federal "gas-tax holiday" that would suspend the 18.5-cent federal gas tax, as well as the 24.4-cent diesel tax, from Memorial Day until Labor Day.

Clinton supported McCain's proposal. She suggested paying for the holiday with taxes on oil companies with record profits.

Obama has proposed the feds do nothing. He believes a tax holiday would do nothing to lower gas prices in the long term and could raise gas prices by encouraging more people to drive.

Rising gas prices will slow the economy down but will encourage the purchase of Green Cars, public transportation and alternative fuels. Our prices are still significantly lower than European prices, why can't we be competitive at the same prices?

Which would you rather have? A tax break at the pumps or let prices climb as usual.