John McCain has offered his newest idea for giving the consumer a break on the high cost of gasoline. (Long pause for effect and thought) His plan is to suspend the federal tax on gas for the 3 months of the summer. First of all, that money is used for the infrastructure; money which is needed to sure up such things as roads and bridges, which in case no one has noticed, is falling apart. Secondly, that would be a lose of about $9 billion and would cost about 300,000 people their jobs.
Other news from yesterday, Shell Oil Co reported profits of $7 billion in the first quarter of 2008. (another pause for effect? Exxon continues to report large profits quarter after quarter…thinking…..why not go after a windfall profits?
The American people so happy to get a tax cut that they will support any call for one…but what will this one effect? Maybe another bridge will collapse from lack of attention. This plan sucks! It is a band aid for a gun shot wound!
It is time for the American people to face facts…less taxes mean less services to the people….means less money coming to the government coffers…means more profits for companies….and the people pay in the long run anyway.