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McCain calls for a summer 'gas-tax holiday' [View All]

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underpants Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-15-08 01:48 PM
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McCain calls for a summer 'gas-tax holiday'
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Source: MSNBC

Candidate also wants to ensure students can get loans in troubled economy

PITTSBURGH - Republican Sen. John McCain on Tuesday called for a summer-long suspension of the federal gasoline tax and several tax cuts as the likely presidential nominee sought to stem the public's pain from a troubled economy.

Timed for the day millions of Americans filed their tax returns, McCain offered some immediate steps as well as long-term proposals in a broad economic speech. The nation's financial woes have replaced the Iraq war as the top concern for voters, and McCain, who has said economics is not his strongest suit, felt compelled to address the problems as he looks ahead to the November general election.

"In so many ways, we need to make a clean break from the worst excesses of both political parties," McCain told an audience at Carnegie Mellon University. "Somewhere along the way, too many Republicans in Congress became indistinguishable from the big-spending Democrats they used to oppose."

To help people weather the downturn 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. By some estimates, the government would lose about $10 billion in revenue. 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.



Read more: http://www.msnbc.msn.com/id/24120727



WOW talk about pandering on a grandiose scale. :wow:

No gas tax all summer huh John? That's just brilliant..oooh! and not having a strategic reserve :rofl: and you thought the Hillary campaign was a train wreck with cars full of fustercluck wait until Team McHundred gets let out into the light

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