Politics – John McCain wants the federal government to free people from paying gasoline taxes this summer and ensure that college students can secure loans this fall, a pair of proposals aimed at stemming pain from the country's troubled economy
"To help people weather the downturn immediately, McCain urged Congress to institute a "gas-tax holiday" by suspending the 18.4 cent federal gas tax and 24.4 cent diesel tax from Memorial Day to Labor Day. He also renewed his call for the United States to stop adding to the Strategic Petroleum Reserve and thus lessen to some extent the worldwide demand for oil."
Woohooo!! Go John McCain. I'm starting to like this guy better and better. :D
until our warships and other military machines (Except for a few that are nuclear) run on another fuel we need the Strategic Petroleum Reserve. bad idea to lessen it. we might as well disband our military altogether. another bad idea our leaders seem to be working on. When I am in debt I don't volunteer for a pay cut. I don't believe in tax and spend. Nor do I believe in cut taxes and spend even more. I much prefer to cut out most of the fat and balance the budget.
You are correct. McCain is just trying to ease the burden on families that want to take their kids on vacation this summer. Good for them & the economy. He's also opposed to any new taxes. The Dems will tax & spend this country to death with their socialist agenda. JM will veto all the pork earmarks. A very different president from Bush. You want real change, for the better? Vote McCain!.
Everyone that uses gas will like this guy better, and better. They won't do it though, but at least he tried.
Bull, it is summer and gas will go up because 145 bill a year profit is not enough
The biggest share of the price of gasoline goes to government in taxes. They make the biggest profit.
Not so. Do the math. With oil at $110 per barrel, the biggest piece of the price of gasoline is the crude at $2.62 per gallon.
But you realize that gasoline is just a small part of what comes off crude when it's refined don't ya?
Actually, it's just over 50%, but that doesn't change the math.
The biggest share of the price of gasoline goes to the goverment in taxes?
THEY make the biggest profit?
THE USA?
Hmmm. Thats kinda odd. I thought it was the nations who actually pump the oil and the oil companies that market it.
I mean, that IS what is known as market dynamics.
But I realize that its expedient to exaggerate.
Hey, did yall know that Saudi Arabia takes $55 from every barrel of oil to fund their welfare system?
Just think, all them SUV drivers who say they hate Socialism, are actually one of the essential ingredients of Socialism.
I guess they dont mind Socialism after all!
In fact, MOST countries that sell us our oil are Socialist. That AND, they are nations that hate us for our wanton wastefulness.
Now THATS what I call Ironikal.
"Not so. Do the math. With oil at $110 per barrel, the biggest piece of the price of gasoline is the crude at $2.62 per gallon." ---- In that case the biggest profit would be the oil countries who get that $2.62/gal. Gas tax is pure profit for the feds. They don't drill, refine or do anything to get the tax$$. Wait - they do have a bureuocracy to collect the tax though.
aniokly said:
"Everyone that uses gas will like this guy better, and better. They won't do it though, but at least he tried."
This warmed my heart ani. Why, it was just a few months ago when you were callin Johnny a traitor for collaboratin with the enemy in Vietnam!
But, I understand.
We Christian Conservatives rejected this ole doofus once already in 2000!
And WHO did we prefer at that tiem INSTEAD of McCain?
A statesman liek Colin Powell? ... No.
A Conservative stalwart liek Richard Lugar? ... No.
An Conservative able to bring parties together in Olympia Snow? ... No
A 'traditional' Republican, Chuck Hagel? Nope.
A Mormon with more gravitas than Romney ... Bill Frist? No siree!!
We preferred a draft dodgin, cocaine imbibin, alcoholic-in-recovery, Confirmed 'C' student, and best of all, someone who would market his Christian Faith liek it was a 6-Pack o beer!
Yall know who Im talkin bout! Our Goerge W. Bush!
THATs who we lieked bettern McCain.
This will never fly. The Democrats will scream. Yell about the deficit and scream to raise taxes.
I agree endo except "it will never fly" part. I don't see any politico in there right mind having a percieved vote "against the people" on there record.How to pay for it in the future is what gets me about the economic policies of parts of both parties.
But I will admit this is a hog that will go to the trough.Another band aid that's going to hurt like he-- when it's taken off.
Being an election year perhaps it will fly.
"The Democrats will scream. Yell about the deficit and scream to raise taxes."
That's because Democrats haven't figured out taking cash from consumers via taxation stifles economic activity just as taxing job providers doesn't help the labor market or, for that matter, the housing/mortgage market.
Actually the Repubs have been the ones taking cash from consumers (and giving it to their rich cronies) ever since Reagan. Their payoffs to their rich financial cronies are already costing consumers an arm and a like. And, just like the $600 billion Savings and Loan scandal of the Reagan/Bush daddy years, the taxpayer is once again being used to "save" the cronies.
hyperbola
Yes, only the top 50 % of taxpayers pay 97% of the taxes. The bottom 50% of taxpayers pay 3%. Democrats think anybody making over $35,000 is rich. The Savings and Loan disaster was because the Democrats changed the rules for the S&L and made their holdings almost worthless by that change. The Democrats created this mortgage problem by forcing the rule change and urging the banks to make loans to those who really couldn't afford it. Democrats do real well in finance don't they.
Why don't you read about something before you yammer on. Oh, Thats right. I apologize. I forgot you don't want to learn.
Let's see, McCain was caught taking bribes for favors in the Reagan/Bush-daddy Savings and Loan scandal that cost the american taxpayer about $600 billion and you blame democrats? Frankly ever since Reagan the GOP has been on a course of making americans into financial slaves to a corrupt elite.
You really should give up chanting propaganda slogans fed to you by "dear leaders". It is anti-american to be on the side of the "loan sharks" and "company towns".
A Trillion Dollar Rescue for Wall Street Gamblers
Money â;; If the move to a Unitary Executive of unfettered presidential power frightens you, America's radical right turn to Unitary Finance should compound your fears--and your debts as well. We are on the historical road to serfdom: debt peonage to a financial oligarchy concentrating wealth in its own hands.
http://money.propeller.com/story/2008/04/15/a-t...
the top level taxpayers like Buffet pay less in taxes than the average middle class person. I think he pays somewhere in the low teens, whereas most of us subsidize the rich by paying taxes of 25% or more on our income and a much greater percent of our money in sales taxes.
We subsidize the rich in many other ways too, and you people want to subsidize them even more. Unbelievable.
Look if you are worried about the rich starving or something, just send them your own $ and leave the rest of us out of this.
We want them to pay their fair share of the Bush/Reagan tax burden.
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Good idea, John. Why didn't Obama think of that? Because he only cares about his rich friends.
Actually if McCain and his ZionCon buddies hadn't carried out wars in the mideast, we wouldn't need his pathetic attempt to bribe the ignorant.
hyperbola, I must say that normally I dont agree with you on much. You are too hyperbolic.
But THIS tiem, you are RIGHT ON my brotha!!
Oooops!
Sorry. Im a Faithful Follower of The G.O.P. (Giganticus Offalum Perveyortus) So, as such, I have to embrace this plan that encourages us to use much more gasoline during the hot summer months!
MORE GAS
MORE GAS
MORE GAS!
GIMMEE MORE GAS
GIMMEE MORE GAS
GIMMEE MORE GAS!
Yea Johnny, THATS the ticket!!
Man Alive! Are we Righties craaaazie or WHAT?!
How to be so ignorant. We buy less that 13% of our oil from the middle east. The rest comes from Canada and Mexico. Get a little education hyperbola. Oh thats right. I'm sorry. You don't like to learn truth.
Doesn't matter where the oil comes from the world price is the same. So the effects of the wars in the middle east on prices
effects the price of oil we get from Canada.
Are you a graduate of the John McCain School of Economic Studies?
Way to go John, cut off money we need to support the government, our war, etc...so we can borrow more from China and others.
You sure gonna get my vote....NOT!
The public is getting wise, you can't buy our votes by running up the national debt.
I don't think McCain was initially a big supporter of the war, he may have voted for it, but he did so reluctantly like Billary did. I love my Israeli brothers, and I definitely do not put McCain in my favorite five group of supporting them.
ZionCon, what a dumb statement. You must be for the runandhideocrats.
I suggest you look into how a corrupt, silver-spoon "elitist" like McCain managed to make a career in politics despite being a failure in everything he tried to do in life.
Zionist Mobsters and John McCain
Politics â;; McCain's Career has mostly been financed by jewish mobster money. He is married to the daughter of a member of the jewish mafia. His family has a long tradition of doing Israel's bidding, even to the point of covering up Israeli attacks on America.
http://politics.propeller.com/story/2008/04/02/...
McCain is proposing this at a time when he needs money to fund the wars and at a time when our national debt has skyrocketed to record levels. Where he is going to find the money to replace the lost revenue?
From The Article:
"McCain did not discuss the soaring federal deficit or enormous war costs. He offered few details for his proposals and did not include estimated price tags."
While I appreciate the extra pocket change, the money saved from McCain's "good idea" would hardly pay for a cup of coffee -- NOT the kind of relief people victimized by rising foreclosures are looking for.
McCain's political stunt is just a short-term band aid that fails to address long-term core issues.
http://www.wjla.com/news/stories/0408/511584.html
"Oil's recent run above $100 a barrel has been largely attributed to a steadily depreciating U.S. currency because a weakening dollar prompts investors to seek a safe haven in hard commodities such as oil and gold."
(((McCain is proposing this at a time when he needs money to fund the wars and at a time when our national debt has skyrocketed to record levels. Where he is going to find the money to replace the lost revenue? )))
I know, let's tax everyone in the US instaed of letting the few pay all the taxes?
Let's say 1o%?
No deductions, no loop holes.
Id ya make 30 million dollars send in you 3 million if ya make 30,000 send in your 3,000.
Same goes for business. How's that sound Dawgie?
I wonder iffn you'll yeah but 10% hurts the other guy more than the rich,,,,, we gotta make the rich hurt to be fair.
Then after we make em hurt and they don't create jobs we will blame them for that too.
Wow, SLATE. You're even more inarticulate and off-topic than usual. I think it's time for your medication. NOWHERE in the article and NOWHERE in my previous post was an argument about a universal flat-tax system mentioned.
But, because you asked:
http://www.mises.org/rothbard/flattax.pdf
http://www.press.uchicago.edu/Misc/Chicago/5556...
http://www.wordwiz72.com/flattax.html
http://www.latimes.com/news/opinion/la-oe-kinsl...
SLATE:
"Then after we make em hurt and they don't create jobs we will blame them for that too."
This is a mistaken assumption. Lowering taxes will NOT automatically translate into more jobs because corporations create jobs to generate more profit, not out of a sense of social responsibility. This is evidenced by the massive outsourcing of manufacturing and tech jobs.
the hate never stops. already they bash oboma, question his religion, question his morals, well as a liberal I hope mcain wins...You repulicans need your pain, in all this time u have not figureed out the simple economics of the republican party. The best punishment i can think of for u is 8 more years or reaganomics. Maybe someday youll get tiered of killing america......or maybe not,,,,,time will tell
its a good idea to lose $10 BILLION in revenues and have absolutely no plan as to how that money will be made up?
that money helps pay for road and highway projects throughout this country. so without that money, get ready for more bridge collapses.
McCain is right. Economics is definitely not his strong suit.