McCain Calls For Break On Gas Tax

April 15, 2008 · Filed Under Business News, Economy, Politics

John McCain called Tuesday for the federal government to free people from paying gasoline taxes this summer.

In an effort to help people weather the downturn in the economy immediately, McCain urged Congress to institute a “gas-tax holiday” by suspending the 18.4 cent federal gas tax and 24.4 cent diesel tax from Memorial Day to Labor Day.

He also renewed his call for the United States to stop adding to the Strategic Petroleum Reserve and thus lessen to some extent the worldwide demand for oil.

Combined, he said, the two proposals would reduce gas prices, which would have a trickle-down effect, and “help to spread relief across the American economy.”

For someone who allegedly knows nothing about economic matters, that is one of the smartest proposals I’ve heard so far in this election.

-Chris Jones