Quote:
Originally Posted by Upton
Very few economists, including Clinton supporter Paul Krugman, like the idea. They say that companies will just continue to charge the average $3.60 a gallon and just pocket the money that would have gone to federal taxes.
Clinton, in the interest of garnering votes, has purposely put forward a plan she knows wouldn't work.
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To keep it short, you are an idiot and so is Krugman.
A couple of years ago a tax on airplane tickets expired. People did not know about it and for the first hour or two the airlines just pocketed the difference. Then one started selling tickets without the increased price of tickets and the rest followed behind quickly. That was a tax that NO ONE knew had expired. With the gas taxes everyone will know it in advance and the prices will drop as soon as the cut goes into effect, unless Clinton increases taxes on the oil companies in which case those increases will take the place of the federal tax, until the federal taxes come back and then the prices will rise even higher. Obama initially said that we could not afford a summer tax holiday on gasoline due to the loss of BILLIONS in revenue, BILLIONS and now he is saying it would not have much of an impact.
Bottom line is tax cuts would immediately help the consumers unless imbedded taxes by Clinton kick in.