From the story: The gas tax holiday supported by presidential candidates Sens. Hillary Rodham Clinton (D-N.Y.) and John McCain (R-Ariz.) will be dead on arrival in the House, Democrats made plain Thursday.
It was senior aides behind the scenes who described the idea as “DOA,” but the party’s topmost leaders were clear that they sided firmly with Sen. Barack Obama (D-Ill.), the only White House contender who opposes suspending the gas tax. Read more….
Fascinating that Senator Barack Obama opposes the gas tax holiday, which would suspend the 18.4 cents-per-gallon federal tax, but wants to add additional taxes on oil companies' “windfall profits”. While profit figures vary, it appears that oil companies' profits based on a per-gallon of gas don’t come close to the federal tax rate. So who exactly is doing the gouging?
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