Wednesday, May 07, 2008

Gas Tax Holiday?

Not for Nevada. Even if the ludicrous proposal suggested by John McCain and repeated by Hillary Clinton were to become law (suspending the 18.4 cents/gallon federal gas tax from Memorial Day to Labor Day), Nevada won't see any beneficial effect at all (not that I expect one for anyone else).

Evidently, there's a state law that increases the state gas tax to offset any decline in the federal gas tax.

But if the proposal were to go through, it's likely that incresed demand would push the price back up nationwide anyway, in which case they get no benefit either, but our price for gas will be 18.4 cents per galon higher.

There's only one reason why I'll probably vote for John McCain instead of just staying home. I expect the Democrats to retain control of Congress, and I don't trust either party with control of both elected branches of government any more. It's definitely not because of head-scratchers like this one. He may as well join Hillary Clinton in expressly stating that he just doesn't trust economists.

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