Apparently this is what Hillary Clinton believes. Senator McCain and Senator Clinton both believe that a gas tax holiday is needed for the upcoming summer months in order to relieve the strain of high gas prices on middle class and working-class Americans. Senator Obama has opposed this tax holiday and described it as a "shell-game".
I have heard of no economist supporting the tax holiday and in fact all the reaction I have read says that it will lower prices in the short term, but raise prices in the long term due to a large increase in demand!
The Junior Senator from New York and the Senior Senator from Arizona are peddling to the fears of Americans in hopes of getting a few cheap votes. Who cares if this tax break prevents BILLIONS of dollars from being invested in our transportation infrastructure if they are able to get a few more votes out of the deal. And yes one estimate is putting the lost revenue into the area of multiple billions of dollars.
Also, does it scare anyone else that Hillary has almost become a neo-con/liberal hybrid over the past couple weeks? Between the saber-rattling with Iran, the disgustingly negative campaigning, and now the "shell-game" for votes, I am scared that she is starting to mutate the Democratic party into another entity of Karl Rove politics.
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