Of the three presidential candidates, only Obama has this one right. Here’s an excellent write up from Newsweek about the issue. This may be the best of the links here regarding the issue.
My personal favorite paragraph from the article above is this one, though the bullet points are the real convincing part:
I could highlight a long debate among economists on suspending the gas tax, but there is no debate. Not one respectable economist—and not one environmentalist or foreign policy expert—supports the idea, unless they are official members of the Clinton or McCain campaigns (and even some of them privately oppose it). To relieve suffering at the pump, send another rebate check or provide tax credits or something else, but not this.
Please click this link to a petition site to say no the the gas tax holiday. We must try hard not to get stuck with this horrifically bad idea. There are more links to other great articles below in case you are not convinced by a single source. Read the rest of this entry »