Thursday, May 01, 2008
Gas Tax Holiday [Andrew Stuttaford]
Barack Obama isn't right about very much, but he's correct to say that the McCain/Clinton idea of a gas tax holiday is a bad idea, not least, I suspect, because it would probably have little impact on the price at the pump.
Then, as Ron Bailey notes over at Reason, there's this:
Don't both senators [Clinton and McCain] support imposing a cap-and-trade market on carbon emissions to combat man-made global warming? In a Washington Post op/ed last year, two RAND researchers calculated that a relatively modest $30 per ton of carbon price would boost gasoline prices by 35 cents per gallon (and household electricity bills by 20 to 30 percent).
Ooops.
05/01 10:30 AM
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