[lbo-talk] McCain reads lbo-talk?

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Tue Apr 15 12:23:17 PDT 2008


The other day I wrote:


>> if I were the one being asked: gasoline taxes would go tomorrow.

http://news.yahoo.com/s/ap/20080415/ap_on_bi_ge/mccain_economy

McCain calls for summer-long suspension of gas tax

[ ... ]

To help people weather the downturn immediately, McCain urged Congress to institute a "gas-tax holiday" by suspending the 18.4 cent federal gas tax and 24.4 cent diesel tax from Memorial Day to Labor Day. By some estimates, the government would lose about $10 billion in revenue. He also renewed his call for the United States to stop adding to the Strategic Petroleum Reserve and thus lessen to some extent the worldwide demand for oil.



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