In his
defense, Senator Obama says the suspension of the state
sales tax on gasoline he supported as an Illinois lawmaker
had more safeguards to ensure consumer savings, and didn’t
turn out to be of much help anyway. He also said he thought
that rising gas prices were ‘extraordinary circumstances’
that demanded action when he voted for the tax relief in
March of 2000.
What’s
changed since then? Gas prices are more than twice as high
as they were eight years ago, and Barack Obama has special-interest
constituencies who want to keep taxes high to keep the federal
highway pork-barrel as fat as possible.
Senator
McCain hasn’t always been right on tax policy, but
his proposal for a federal gas tax holiday makes sense.
No, it won’t cure motorists’woes overnight,
but it will provide a little relief when Americans need
it most. Just as important, suspending federal gas taxes
is one of the few things government can do to help consumers
cope, without making the problem worse.