Saturday, May 3, 2008

Gas tax holiday is NOT the answer

In case you're wondering where I stand on the proposed proposed gasoline tax holiday, it would save the average individual motorist a grand total of $28 this summer, but would result in $9 billion in lost tax revenues which would be mostly targeted for infrastructure needs. This is a politically motivated move, not a well-thought-out economic decision. Enough said.

Data source: American Association of State Highway and Transportation Officials

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