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Eliminating the federal tax on gasoline would provide at least some measure of immediate relief at the pumps. It is a short-term solution. Conservation is fine, but A) it's not enough to make an appreciable dent in the issue of high fuel prices - even if everyone in America started driving a Prius tomorrow, in 6 years we'd be right back where we started. And B) discussing alternative fuels is great, but right now technology simply hasn't brought us a viable alternative...and these high fuel prices are going to kill our economy while we wait. The answer lies in the elimination of ethanol subsidies, an end to ethanol mandates, an easing of federal and state regulations on fuel blends....as well as more drilling and more refineries. Eventually technology will bring us something else at an affordable price- fuel cells, electric cars, something...but that's probably decades away. In the meantime, I'm spending $50 to fill up a medium-sized passenger car and it is running me broke. McCain's proposal is the only thing I've heard from the presidential candidates that makes even a lick of sense.
Comment: #2
Posted by: Matt
Thu May 1, 2008 11:13 PM
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