McCain Calls for Tax Holiday

(April 15, 2008 ) – Like I was sayin… I can use a few more holidays.  GOP presidential candidate John McCain is calling on congress to have a gasoline tax holiday from Memorial Day to Labor Day.

The proposal would eliminate the 18.4 cent per gallon federal tax on gasoline and the 24.4 cent per gallon on diesel fuel.  He also called to release oil from the strategic Petroleum Reserve to further ease gas prices.  The democrat party will most likely be against it either because they will call it reckless or they will say it doesn’t go far enough (you heard it hear first…).

Note also that the democrats also have outlined a proposal to increase the gasoline tax by 50 cents.  However, they won’t push for it until after the elections.

The announcement came as part of McCain’s detailing some of his economic plan.  Some of the other details are as follows:

–Raise the tax exemption for each dependent child from $3,500 to $7,000.

–Require more affluent people — couples making more than $160,000 — enrolled in Medicare to pay a higher premium for their prescription drugs than less-wealthy people.

–Offer people the option of choosing a simpler tax system with two tax rates and a standard deduction instead of sticking with the current system.

–Suspend for one year all increases in discretionary spending for agencies other than those that cover the military and veterans while launching an expansive review of the effectiveness of federal program.

Note that both Senators Clinton and Obama are for reducing the child tax credit from $3,500 to $3000 as part of their massive tax increase they refer to as “elimininating the Bush tax cuts”.

Voters need to keep in mind that the economic plans of the candidates impact them by either lowering their tax bill or increasing it.

It will be interesting to see how many people come out against lowering gas prices by eliminating the tax temporarily.

50 cent a Gallon Gas Tax proposed by Mich. Democrat

(March 20, 2008 ) – Like I was sayin…. you can’t have it both ways.  Democrat Congressman John Dingell wants you to pay MORE at the pump.

With gas prices escalating and the American consumer wondering how to make ends meet, John Dingell, a Mich. Democrat, wants to raise gas taxes by 50 cents a gallon.  The only good news is that he wants to wait until after the 2008 elections to propose the increase.  You see, it is more important to get his party elected that it is to do what he thinks is right.  If he is so sure this is the right thing to do, why is he waiting until after the 2008 elections to push this?

His argument is so full of holes, it is hard to understand why he would propose such a thing.

Here is a link to an article that lays it out.

Firstly, he wants to raise the gas tax as a cure for the “sick” planet.  There is so much information contrary to the global warming hoax, this is almost laughable.  Don’t get me wrong, we need to conserve and find ways to end our oil dependence, but taxing us into oblivion is not the answer.  The fact that the planet has been cooling for the last 10 years doesn’t seem to matter. 

Secondly, he wants to raise taxes to lower the consumption of gas.  The idea being, the more you tax something, the less of it you get.  This runs contrary to the current dem push to raise taxes to fix the economy.  If taxing gas leads to less gas consumption doesn’t taxing corporations and investors lead to less growth and less investment? 

Just remember this November when you go to the polls, you can vote for the party that wants to take more and more of your money away or the party that believes taking less from you leads to a better America.