Pelosi to Panderers: Forget About Your Gas Tax Moratorium
Jul 31, 2020236.2K Shares7.6M Views
As presidential hopefuls John McCainand Hillary Rodham Clintoncontinue to trumpet their summer gas tax moratorium plan as the savior of the American driver, House Speaker Nancy Pelosi (D-Cal.) yesterday put the brakes on the proposal:
“„First of all, there is no reason to believe that any moratorium on the gas tax will be passed on to the consumer, first and foremost. This has not been the history of a lower gas tax being passed on to the consumer. Second of all, it would defeat everything that we have been trying to do to lower the cost of oil. We could do better by the consumer by not refilling the [strategic petroleum reserve] … I think the biggest answer to our challenge is to invest in renewable energy resources and to do it now.
There’s good reason for Pelosi’s skepticism. Economists saythe “gas-tax holiday” would benefit the big oil companies more than consumers. Environmentalists sayit would encourage more driving at a time when Washington should be encouraging less. And editorial pagesacross the country are slamming it as an election-year gimmick.
Not that Pelosi’s message yesterday will end the campaign-trail pandering, but it certainly should. Without her blessing, this thing is dead in the water.
Dexter Cooke
Reviewer
Dexter Cooke is an economist, marketing strategist, and orthopedic surgeon with over 20 years of experience crafting compelling narratives that resonate worldwide.
He holds a Journalism degree from Columbia University, an Economics background from Yale University, and a medical degree with a postdoctoral fellowship in orthopedic medicine from the Medical University of South Carolina.
Dexter’s insights into media, economics, and marketing shine through his prolific contributions to respected publications and advisory roles for influential organizations.
As an orthopedic surgeon specializing in minimally invasive knee replacement surgery and laparoscopic procedures, Dexter prioritizes patient care above all.
Outside his professional pursuits, Dexter enjoys collecting vintage watches, studying ancient civilizations, learning about astronomy, and participating in charity runs.
Latest Articles
Popular Articles