Clinton Suspends Gas Tax Funds by Taxing Oil Companies More

Really goo-d idea? John McCain first made the proposal, but how would he pay for it?

How will Hillary Clinton pay for the suspension? She'll tax the oil companies more.

Seriously, the oil companies will simply pass the higher tax onto consumers who will end up paying triple over and above what they should be paying. Oh Clinton will prevent that how, by garnishing the entire profits of the oil companies and giving them back what amount she thinks they should have???

On the downside, the tax holiday won't lower the cost to drivers says a guest on CNN, The Situation Room... and the programs the tax funds won't be totally paid for by the tax holiday or the higher tax on oil companies...

Net the Truth Online

McCain-Clinton Gas Tax Holiday Proposal Slammed
by SusanG
Wed Apr 30, 2008 at 09:58:37 AM PDT
Obama threw out a great quote about the proposal yesterday; "This isn't an idea designed to get you through the summer, it's an idea designed to get them through an election."

Confirmation of Obama's take was provided this morning by the Washington Post:

http://dailykos.com/

Resources

CNN Situation Room April 29, 2008

http://transcripts.cnn.com/TRANSCRIPTS/sitroom.html

April 29, 2008, 3:59 PM
Clinton Says She’s the Only Candidate To Offer Gas Relief
Posted by Fernando Suarez|

Clinton again today called for a gas-tax holiday that would suspend the federal gas tax on all gas, including diesel, from Memorial Day weekend to Labor Day weekend. “We will pay for it by imposing a windfall profits tax on the oil companies, they sure can afford it,” she said...

http://www.cbsnews.com/blogs/2008/04/29/politics/fromtheroad/entry4056087.shtml