Wednesday, February 18, 2009

Remember when gas tax cuts were stupid?

Remember Spring, 2008, when all presidential candidates, Democratic and Republican, (except Obama) proposed a tax holiday at the gas pump? Remember how the idea was mocked, because $40 or $50 per month was no big deal and would have no economic impact on either individual budgets or the broader economy?

The same people who mocked that idea are applauding Obama's $13 per paycheck reduction in taxes (only for those earning under $70K) as the savior of our system.

Wouldn't prevention in the Spring have been better than trying to fashion a cure in the Winter?

It seems to me that a gas tax cut at the pump would have been more help to the working class, i.e., those filling up their tanks to get to work.

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