Will the Leading Presidential Candidates Stop High Gas Prices?
Will the Leading Presidential Candidates Stop High Gas Prices? Thursday May 22, 2008 Recently, leading Republican Presidential Candidate John McCain has echoed the proposal made by Hillary Clinton and Ron Paul to suspend the 18.4 cents per gallon Federal gasoline tax this summer to fight high gas prices. This would save drivers about $2.35 every time they filled their tanks, or about $30 over the summer, assuming an average gas tank of 13 gallons. McCain admits that, although this isn’t much, it would at least provide a break to low income Americans. Leading Democratic Candidate Barack Obama opposes a short-term solution stating that eliminating the gas tax this summer is “a phony scheme that nobody thinks is going to work.” He stated that “…the oil companies would just jack up their prices to match whatever the reduction was on the gas tax.” These two candidates also suggest long-term solutions. McCain advocates mandatory greenhouse gas emission reduction targets, using carbon tradi
#spacer{clear:left}#abc #sidebar{margin-top:1.5em}if(zs>0){zSB(3,3)}else{gEI(“spacer”).style.display=’none’;gEI(“sidebar”).style.display=’none’}Recently, leading Republican Presidential Candidate John McCain has echoed the proposal made by Hillary Clinton and Ron Paul to suspend the 18.4 cents per gallon Federal gasoline tax this summer to fight high gas prices. This would save drivers about $2.35 every time they filled their tanks, or about $30 over the summer, assuming an average gas tank of 13 gallons. McCain admits that, although this isn’t much, it would at least provide a break to low income Americans. Leading Democratic Candidate Barack Obama opposes a short-term solution stating that eliminating the gas tax this summer is “a phony scheme that nobody thinks is going to work.” He stated that “…the oil companies would just jack up their prices to match whatever the reduction was on the gas tax.” These two candidates also suggest long-term solutions. McCain advocates mandatory gr
