Wednesday, April 30, 2008

Barack Obama: Gas Holiday Savings: Half a Tank

Barack Obama the tank's half-full? That's the amount of savings consumers will get from the Gas Holiday Plan promoted by Hillary Clinton (and John McCain) about $20 to $30 over the three-month (summer) period.

See the video:

The Truth about Gas Prices


Clinton's Final Full Day in Indiana
Plus, Obama shows he's patriotic and personable.
By John Dickerson
Updated Monday, May 5, 2008, at 10:20 AM ET

Seventy percent of respondents in a recent New York Times poll (PDF) said they believed the proposal to lift the gas tax was mainly promoted to help the politician proposing it rather than voters...

Gas Tax Relief
4/29/2008 2:30 PM
Hillary Clinton proposes a gas tax holiday for the summer, suspending the federal tax on gasoline, which amounts to about 18 cents a gallon for gasoline and about 24 cents a gallon for diesel fuel. John McCain also supports the idea of gas tax relief.

Clinton superdelegate lead cut in half

...Both Obama and Clinton are trying to make points with American consumers, motorists especially who are facing record prices for gasoline and diesel fuel.

Clinton has joined McCain in calling for a suspension of federal taxes on fuel during the summer holiday season.

Obama contends both his opponents are engaged in gimmickry that would actually increase fuel consumption nationally, cause prices to rise still further and ravage the treasury of tax money needed for transportation infrastructure. He called their plans shortsighted measures that would save American drivers a pittance over the course of the summer.

Instead, Obama said he would push for a middle-class tax cut that could save working families an average of $1,000 a year.

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