Gas tax takes a holiday?
Let's look at this proposed temporary gas tax holiday recommended by Sen. Hillary Clinton and Sen. John McCain - opposed by Sen. Barack Obama . Now, I have to tell you, for the past couple of days I've been siding with Obama on this one. I did the math to determine exactly how much I would save over the course of 12 weeks (I guessed - I didn't bother to check how long is actually is from Memorial Day to Labor Day) if they suspended the 18 cent/gallon federal gas tax. In that situation, Obama was right. For the average Joe, the direct savings would be pretty insignificant. For me, my savings would be something around $40 or so - total. I'd save 40 bucks over the course of the whole summer. Big deal........right? It's just a feel-good gimmick. Well, no. That's not the big deal - and I haven't heard Clinton or McCain mention it either. The big direct impact that gas tax holiday would make would be in the transportation industry. All along we've been tal...