UPDATE: Found another article in which Clinton admits it’s tough to pass but that we should try anyway. Interesting… until she actually goes to Washington and proposes something, can she actually say she’s tried? Acting like you’re fighting for it doesn’t make it true, you know.
Actions speak louder than words.
*************************************
UPDATE: I found this article today. Although I think Bloomberg articles tend to be a bit more opinionated/biased, it’s interesting to note that economists feel oil companies would simply swallow up the tax savings and keep gas prices at the same level.
Also, the fact that neither candidate has bothered to send a bill to implement it, despite all the campaigning they’ve done, is interesting, to say the least.
*********************************
I stumbled upon this WSJ article, which compares the three candidates’ plans to deal with rising gas prices.
I’m probably behind on the news, but it’s an interesting read.
Basically, McCain proposed a gas-tax holiday from Memorial Day to Labor Day (5/25-9/1) where the taxes are withheld, and Clinton supported it, suggesting that it be paid for by windfall-profits tax on oil companies.
Obama on the other hand, says that it won’t help in the long term and could actually make it worse by encouraging people to drive.
Brief Analysis
