Now that Hillary Clinton has jumped on the McCain bandwagon with regard to suspending the gasoline tax, I think it's time to up the ante.
Why stop at merely eliminating the tax? Zero is so arbitrary as a floor. We could get even more financial relief to Americans during the vacation season, and even more fiscal stimulus, by adopting a gasoline subsidy.
Say, ten cents a gallon for starters. Maybe with a special bonus for cars that are gas-guzzlers, since they'll be paying more at the pump even after getting the subsidy. And maybe with free gas for everyone throughout the Labor Day weekend!!
Better still, let's make the subsidy an income tax credit for gasoline purchases, so that it still qualifies as a "tax cut."
Next up, tax credits for running your air conditioner.
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