Not too long ago, John McCain proposed a gas tax “holiday”. Essentially, the 18¢ federal gas tax will be lifted for a period of time to, in theory, save Americans money. The only problem with this is that most economists don’t think this will work. Decreased price will increase demand, thus raising the price of gas. That’s how capitalism works. Then, once the gas tax is over, it will end up higher than when it started. On top of that, if it does save the average American any money, it will only be about $25. Not much. So this isn’t really the best idea, but that’s what can be expected when it comes to Republicans and taxes.
What makes this all interesting is that now Hillary is following suit (insert pantsuit joke here). She has already taken campaign strategies straight out of the republican playbook, so why not borrow McCain’s tax proposals? I am failing to see how exactly she is the “more electable candidate”, as her supporters would like me to think, if she just copies what the Republican candidate proposes. What baffles me even more than her recent republican tendencies, is that fact that the media is acting as if she came up with it. The very second she opened her mouth in favor of McCain’s gas tax suspension, mainstream media somehow developed selective amnesia about who had actually proposed it and declared it Hillary’s Gas Tax Holiday.
Thankfully, Barack Obama has the chutzpah call a gas tax holiday exactly what it is, a “classic Washington gimmick”. Plenty of his opposition will come back and say he voted for a suspended gas tax in Illinois when he was a state senator. What’s his response to this? “I voted for it. Then six months later we took a look and consumers had not benefited at all. I learned from a mistake.” A politician who is willing to admit his mistakes and subsequently demonstrate he has learned from them by taking the risky step of opposing a tax cut (no matter how fool heartedly it may be) is exactly what this country needs in our next President.