Between 5/26 and 9/1 you will drive 3750 miles. At 18 miles per gallon, you will burn 208.3 gallons of Gasoline.
Your Total Tax Relief would be $38.33
NOW, in fairness it would make a pretty significant impact on trucking. Although how much that impact would really benefit the overall US economy I don’t know since it’s literally robbing peter to pay paul
Not to mention without cutting spending they will just raise something else to cover the defecit.
Too bad the simpletons are too bloody ignorant to notice this and it will go through because noone will want to be the one responsible for keeping it in place.
yeah, this is purely pandering to the average stupid American for votes. You know whoever pulled it off would hit the stump with the “I lowered your gas prices 20 cents a gallon, vote for me” speech an hour later.
Positives:
$30-40 savings
Cheaper trucking costs that will likely not be passed on to the consumer
Negatives:
Shortage in highway fund
Encourages increase in quantity of oil demanded
More borrowings and government debt
Temporary cut- when re-instituted, prices spike again
McCain was the first of the three to propose it, Clinton immediately echoed it. Obama said the truth that it’s a gimmick and not anything close to a real solution
i’ve hated this idea from the start. Fucking ridiculous. The shitty part is, some stupid people are going to see this, and love it thinking it’s the best thing ever.
