Cutting gas taxes

This time, Democrats propose a tax cut which will help the average American:

Democrats are set to introduce a measure that would create a "federal gas tax holiday" by eliminating the federal tax on gas and diesel for sixty days, RAW STORY has learned.

The measure, proposed by Sen. Bob Menendez (D-NJ), would reduce the cost of gas by $0.184 per gallon and the cost of diesel by $0.244 per gallon. The move, aides say, will provide $100 million dollars per day in relief.

The savings will be made up by cutting almost half of the 14.5 billion dollars in tax breaks the energy industry received in the latest energy bill that the President praised upon signing.

Certainly no one would cry at the loss of tax breaks to big oil, but the problem with something like this is that it's a short term solution to a long term problem. The public will enjoy sixty days of lower fuel costs, but will once again be up in arms when the tax holiday ends.

Now Democrats do have a longer term plan, and rather than proposing short term fixes, they should be talking up the ideas that it contains. Even if they don't, I will. Read about it here.