The Tax Trickery Spreads

The New York Times
May 8, 2008
Author: Unknown

This article concerns the mention of a reduction of tax on gas in the upcoming months. Senator Clinton and McCain both are in support of this tax; one because they are in the presidential race and believe this will appeal to voters, but also because they are looking to give the Americans some relief at the pump. The author of this article does not believe this is the right way to go about lowering gas prices. He says that this move will only hurt the economy and only aid the average driver about $2.50 a month. The economy will suffer because the proper taxes will not be collected from gas purchases. The author states that if the government is concerned with conserving fossil fuels, they should increase the price of gas instead of decreasing it to make it more appealing to the consumer. The author also believes the two presidential candidates that support this plan of action do not have proper evidence of the success of the tax cut. Personally, I would enjoy any relief I can get in gas prices, especially with summer approaching, but what do I know about how my selfish wants will affect the economy as a whole. Hopefully the law makers have a better sense of economics than the two Presidential candidates admit to having.