Cutting gasoline tax not the best solution
Thursday May 8, 2008
U.S. Sens. Clinton and McCain want to suspend the gas tax for the summer. This is exactly the wrong response, allowing gasoline marketers to raise prices by an equal amount, increasing profits without achieving any reduction in consumption.
This tax is maybe $1 per person per day, paid at the pump. Any government assistance with gasoline prices should reward conservation.
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