I’ve already criticized John McCain’s gas tax proposal. But I no longer understand why Barack Obama disagress with McCain.
I overheard Obama on the radio yesterday saying that the increase in fuel prices came “too fast,” and caused a lot of pain. This is a sensible position. I support gas at $5 per gallon — and I hope Barack Obama does too — though the pain of a sudden increase in cost without good warning puts a lot of people in a bad position.
But then why doesn’t Barack Obama support a gas tax holiday, to ease America into higher gas prices? Team Obama seems to be putting out the meme that 100% of the gas tax is absorbed by the gas companies. But if this is true, many (including Barack Obama supporters and myself) were wrong to criticize McCain’s gas tax holiday as sending the wrong signals, because gas taxes don’t raise the the cost of gas! Alternatively, perhaps Team Obama is wrong and some fraction of the gas tax is passed onto consumers, which case (accordingg to Obama’s logic) there should still be a gas tax holiday, but some other tax the gas companies pay should be raised to make sure the benefits go to consumers.
- Is Barack Obama wrong that the rise in prices came to fast?
- Or, is Barack Obama wrong to oppose a gas tax holiday?
- Or, are Barack Obama’s supporters wrong to criticize McCain’s gas tax holiday as sending the wrong message to consumers?
Which is it? In which way is Team Obama wrong on the gas tax?