Wednesday, April 30, 2008

Gas Tax Holiday

Reuters says "economists" slammed the idea of a summer gas tax holiday, and they go on to quote Greg Mankiw, Gilbert Metcalf of Tufts, the Brookings Institute, and Paul Krugman... all whom are global warming hysterics. Lower taxes will lower the price and increase usage, adding to "global warming" they fear.

However, the increased usaged is not just wasted gasoline, but will add to trade and improve the economy. It will be people going on vacation or going to the outlet malls who might not otherwise do so.

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