ADDENDUM: Gas Tax Cut Gets Bipartisan Rebuff
by Dana Chasin, 4/23/2008
Following up on Fiscal Foolery:
- Senate Energy and Natural Resources ranking member Pete Domenici (R-NM) said today that a gas tax holiday this summer will do little to curb the soaring record prices at the pump. "You might not get the whole benefit of it because in a month or so the price might be up anyway, because the price of crude oil going up... I'm willing to listen but I don't believe it will solve the problem and I don't think it will do much for the American people."
- Per House Transportation and Infrastructure Committee Chairman James L. Oberstar (D-MN) and Highways and Transit Subcommittee Chair Peter A. DeFazio (D-OR), the proposal will eliminate approximately 300,000 family-wage, highway construction-related jobs in a mere three months. For a state-by-state breakdown, click here.
