McCain and Clinton seem to think so.
Obama disagrees and perhaps rightly so. I have heard many economists on the radio and read several articles that do not support the gas tax cut either so enthusiastically. Based on my conversation with people in the refining industry and friends in general, I’m getting the sense that they are on board with Obama as well. Is an average $2 more at the pump every time we fill our tanks this summer really going to affect our pockets as they have already been affected with high food and fuel prices? What other cuts in federal programs will have to take place to cover for the billions of dollars that will be missing from the gas tax revenue? What it really comes down to is that if we don’t pay gas tax temporarily, when and how will we end up paying for the vacuum in federal revenue?
What are your thoughts?
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