May 15, 2008 02:10 pm
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Gregg Buchanan
Hermitage
Why would anyone not want $70 more in their pocket this summer? That is what some critics are saying about Hillary’s gasoline proposal. Here is another example of why her experience matters and that she really does represent the middle class.
Clinton said she’d lift the 18.4-cent federal tax on a gallon of gas and the 24.4-cent diesel tax and make the oil companies pay the tax. Her plan also would close $7.5 billion in oil and gas loopholes as well as monitor prices for manipulation.
Sticking it to the oil companies is something we have all been waiting for, right? It will act as an extension to the stimulus package. The $70 is the average a family will save during the three summer months. Commercial vehicles would save a lot more.
I know myself that if gasoline comes down 18.4 cents, I will have more than $70 in my pocket. My truck seems to guzzle gas. The savings will help to pay for this year’s vacation spot, some local campground.
McCain would lift the gas tax and suspend the diesel tax but has no plans on how to pay for it because he opposes the imposition of windfall-profits taxes on oil companies.
Obama is criticizing Hillary and McCain’s proposals. He would use a windfall profits tax on oil companies to help low-income families pay their energy bills.
So where does that leave a lot of us? Hillary’s plan sounds like it would have a favorable effect on our wallets.
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