Both McCain and Clinton have proposed a summer tax holiday from the federal 18.4 cent per gallon gasoline tax. This is a stupid idea that just panders to the public upset by high gas prices. Don’t these candidates have economic advisors? Lowering the price of gasoline will increase demand and since supplies are tight, prices would increase. Furthermore, that tax is mostly used for bridge and road construction.

Let’s see how the gas tax would affect us here in Syzdekistan. In April, Hot Wife bought 55.544 gallons of fuel for the Jeep and I bought 47.124 gallons of fuel for the Buick. That a total of 102.668 gallons. Our gas tax savings would have been $18.89 cents for the month. If we assume the holiday is three months, that would save us $56.67 for the summer. That’s a nice meal out but not much more.

The gas tax holiday is a bad idea and I am glad Barack Obama stayed off of that bandwagon.

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