1. It's a bust because the gas tax is what is supposed
to pay for highway maintenance. If there is no gas tax, there is no highway money. States may be forced to raise the tax to cover highway maintenance costs. Zero sum game. Citizens lose both ways.
2. It's stupid, it's pandering, it's elitist (in that those touting it obviously think we're idiots).
And it probably wouldn't lower the price at the pump anyway - oil companies are quite capable of seeing it as an opportunity to jack up prices further.
...you can cut your price, and the government will pay for it, I would jump at the chance! I might even raise the price a little bit, and still increase my sales volume. A no-lose situation...for the oil companies.
7. It's nothing more than a political tool in an election year
Memorial Day Weekend is a short 3 weeks away from now. Nothing has been introduced in Congress. Congress goes out on their recess sometime the week before. It's a hallucination to thing that Congress would get something written, passed and passed by the president in less than 3 weeks. Does anyone really thing that Congress would enact a "windfall profits" tax against the oil companies in such a short time? Or that GWB would allow such a thing to go through?
It's not gonna happen, it's just not gonna happen. And continuing to talk about it is nothing more than political posturing and pandering. Promoting a popular idea that doesn't have a snowball's chance in hell of being enacted. Flagrant manipulation of the electorate.
8. This makes absolutely NO ECONOMIC SENSE as the Federal Government
...forfiets $9.0 billion in gas tax revenues which are automatically earmarked for ongoing highway and road maintenance throughout the country. Construction and repair type jobs are suspended which our highway transportation systems are further neglected. More BushCo reTHUGlicon nonsense
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