Comments on: Economists Knock Proposed Gas Tax Break
Washington Post: Experts Say Plan Supported By McCain, Clinton Would Bring Little Savings, Cause Other Problems
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- "stopping with him at a gas station to fill up the pickup truck he was driving as her motorcade''s SUVs idled nearby"...
lolll..thanks for pointing that irony out, CBS...the fact is that if there weren''t so many SUVs going back and forth to the mall and soccer practice gas wouldn''t cost so much... - Reply to this comment
- Everything has been covered in this article. As to why suspending the federal gas tax is a bad idea.
The most unavoidable damage would be the loss of funding for Highways, etc., and, by extension, would cause greater budget deficits, increasing of the national debt, and the interest on it.
However, most of the other bad effects could be prevented if the price of gasoline were to be capped to existing prices at all locations at the time of, and for the duration of, the suspensions, to prevent oil companies from substituting price increases for the tax cuts
I suspect/believe that McCain and Clinton are too controlled by campaign donors to propose, or support, that.
I don%u2019t know if Obama would support it or not. - Reply to this comment
- Besides, why isn''t anyone talking about opening up our Oil Reserves ??? I know Bush had declined 5 years ago cuz he''d said we were in a War against Terror but this is now ridiculous and it don''t seem like the presidency cares or anyone pointing out that fact.
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- How about the pigs in congress take a break from earmarks and use THAT money to fund the roads meanwhile giving us a GAS TAXCUT. Why can''''t they ever cut THEIR reckless spending.
Posted by standlee5 at 09:53 AM : May 01, 2008
Reckless spending here or abroad ?? Which is it ? Cuz Dems are trying to spend money here, while McCain and all the other Repugs want it spent abroad - so which party are you placing the blame on ??? - Reply to this comment
- We''ve been dickin'' around this oil issue since the 70''s and our gov''t has accomplished nothing, zip, nada, zero, zilch about the problems. Fire the ENTIRE gov''t and start over and that most certainly includes the beaurocrats with bad combovers who want to change NOTHING!!
- Reply to this comment
- Everything has been covered in this article. As to why suspending the federal gas tax is a bad idea.
The most serious damage would be loss of funding for Highways, etc., and, by extension, would cause greater budget deficits, increasing of the national debt, and interest on it.
However, most of the other bad effects could be prevented if the price of gasoline were to be capped to existing prices at all locations at the time of, and for the duration of, the suspensions, to prevent oil companies from substituting price increases for the tax cuts
I suspect that McCain and Clinton are too controlled by campaign donors to propose, or support, that.
I don%u2019t know if Obama would support it or not. - Reply to this comment
- The American people simply cannot handle the truth, that''s why this and Obama''s comments about "bitter" Americans are not well accepted! I don''t like Obama''s statement that lawyers will fix the problems in America. Simply because most of our problems are created by lawyers. However he''s spot on with this! S crew the quick fixes! It''s time for long term fixes in our country and those in our gov''t who don''t believe that need to be purged. Wake up America!!!
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- Nationalize the oil companies. This is the only way to stop the price gouging by the oil monopoly. They will simply find another way around any other measures.
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- Oh pfffffffft! Economists will attack anything that will give the people a little relief! They''re all republican nuts jobs! Why don''t they start counting they jobs Bush is sending overseas instead! Why don''t they start attacking the billions of profits oil companies made this year by highjacking oil at the barrel and at the pump!
Instability in the Middle East has nothing to do with American oil producers profiting at the front and the back of the oil game! - Reply to this comment
- Why can''''t they ever cut THEIR reckless spending.
Posted by standlee5 at 09:53 AM : May 01, 2008
Because once they have it, they will never give it up or give it back. That''s how dem tax increases work. It costs the gov''t $12K to send a kid to a government school, and $8K for private (where the get a superior education.)
What''s their answer? Spend MORE MONEY.....WE''RE NOT SPENDING ENOUGH. - Reply to this comment
- Economists have said it! it''s just economics 101 too, if anyone has an ear to hear the truth. Firstly, you cannot and must not believe McCain and Hillary: they tell you what you want to hear and not the truth. Suspending the tax for the next few months will not solve the problem because we must deal with the root cause. The companies will just keep more of the tax and make larger profits while we continue to pay more. Nothing to do with refineries either, as Bush indicated. We must deal with the oil producing countries, then the oil companies for long term solutions. Hillary and McCain are just trying to get short term votes, so do not be fooled. Saving pennies for a few months may be helpful now, but not if we have to pay $5 again come September and beyond.
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- How about the pigs in congress take a break from earmarks and use THAT money to fund the roads meanwhile giving us a GAS TAXCUT. Why can''t they ever cut THEIR reckless spending.
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- Posted by forthepeopl1 at 09:45 AM : May 01, 2008
I agree that we get more Canadian crude and gasoline costs more than what we pay. By giving tax holiday on gasoline for summer we will have 10 billions less for bridge repairs, free repairs, etc. Budget deficit is too high at 400 billions and it increases further more. It is not good economics. Get tax increase that this Prez. gave to richie rich that helps up to 135 billions an year then fund for gasoline tax holiday if at all. - Reply to this comment
canada is selling us the most oil, so we are paying cananda a higher price, not opec..get it and look at mexico, running real close to 3rd
The Number represents oil imports in the month of December 2007
CANADA 2,326
SAUDI ARABIA 1,686
VENEZUELA 1,382
MEXICO 1,322
NIGERIA 1,271
ALGERIA 600
ANGOLA 439
IRAQ 378
VIRGIN ISLANDS 369
RUSSIA 287
ECUADOR 201
UNITED KINGDOM 179
BRAZIL 178
KUWAIT 158
LIBYA 138- Reply to this comment
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