Tuesday, April 15, 2008

Gas Relief

Senator McCain today proposed that Congress suspend the federal gas tax during the period from Memorial Day to Labor Day. Democrats ridiculed the proposal stating it did not have the long run effects that were needed. They seemed to assume that he was offering this as part of his economic program, when in fact, it was a proposal from a Senator of the United States who just happens to be a presidential candidate. The suspension, if passed, would only reduce the gas cost by about 18 cents, but this is a step
which cane be taken without price controls.

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