Score one for Obama
He opposes a summer gas-tax holiday, while Hillary Clinton endorses it. The savings will have little impact and do nothing about consumption or oil imports, he says, which sounds right to me.

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Comments
So why not oppose the tax rebates as well then? At least the temporary reduction in gas prices would immediately help consumers and help keep down transportation costs (inflation). This economy is about to crash because of the rising gas prices. While the long-term solution is to strenghten the dollar, this would at least help immediately.
While Obama is at it, why doesn't he just tell voters he's going to raise their taxes like Walter Mondale did? Neither are politically smart.
Posted by: The Real Bold and The Blue
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April 29, 2008 06:41 AM
I also think that someone should be in favor of increasing refinery capacity to increase supply while demand is increasing.
I think I read something about that in my econ class.
Posted by: Arkansas Red
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April 29, 2008 07:28 AM
The last thing this country needs to do is suspend the 18.4 cents a gallon federal excise tax on gasoline. In fact, the tax needs to be permanently increased by 50 cents a gallon, or even more. Only when we rich, spoiled Americans feel REAL pain at the pump will we try to kick our oil addiction, take energy conservation seriously, and get real about developing ethanol, hydrogen, and other alternative energies.
We'd better wake up before it's too late, people. Through our national fleet of gas guzzlers, we're sending tens of billions of dollars to Islamic states every year and financing both sides in the so-called "war on terrorism." Meanwhile, other petro-endowed authoritarian countries like Venezuela, Nigeria, Russia, and Sudan are using oil money to bolster their repressive regimes and blackmail any nation that dares object.
Posted by: durangokid
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April 29, 2008 08:40 AM
Well Real Bold, if you make over $250,000 a year, Obama probably will raise your taxes as well he ought. If you make over a million a year, he sure will. You've been making out like a bandit during w's tenure if you fall into those tax brackets.
Here's a novel idea - let's bring the progessive income tax back in vogue and save the lower middlle class from sinking lower and help out the rest of the middle class too. And I'll tax your capital gains too since that tax isn't applied on anything under a million dollar estate and farm land don't count. Death tax - phoeey. Never have the masses been so hoodwinked as on that one! If your name ain't Walton, Stephens or Rockefeller there are mighty few families in Arkansas who will feel much of an estate tax when it is applied.
Posted by: Rackensacker
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April 29, 2008 08:40 AM
HRC endorses the tax cut but requires that oil/gas companies make up the difference from the billions of dollars they have made.
Posted by: slydog
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April 29, 2008 08:51 AM
Durangokid has it right. The gasoline tax should be even higher, because we absolutely must phase out the three-, four-, five-cars per household and one- and two-hour commutes by auto. Right now our economy, our society, our cities -- even our food distribution system -- are all built on the assumption of a continual supply of cheap oil. But not later than 2015, maybe sooner, what oil is left in the world will not be cheap to extract and will be into rapid depletion. If we do not start now to change to a different base for our civilization, we face a huge and sudden catastrophy.
Why not keep the gasoline tax AND impose the windfall profits tax on oil companies that Hillary Clinton proposes?
Posted by: Snapback
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April 29, 2008 11:46 AM
I think Obama said it would save a consumer $25 per month for 3 months. $75 will fill up a Prius twice.
$75 per person missing from Federal Revenue for 3 months will reduce the amount of cash going into the Federal Government by quite a bit. Who here thinks our deficit can handle that?
What programs will need to be scaled back and cut the following year? Maybe one you depend on.
If we are going to drive the deficit up, I say invest in things right now that can allow people to not have to spend as much money on gas for their car. The first thing that can benefit everyone right now is a better and more complete city bus service. This is not a slight on CAT which I think does a great job with what they have to work with - basically nothing in the way of federal subsidies.
Already a one way fare is $1.25. Those who depend on the bus for transportation cannot afford to have the rates raised because it is in most cases their last resort to transportation. If the bus service was allocated more money to have more routes, more often, 7 days a week and for 24 hours a day no matter the cost to subsidize that, then more people would use it.
At a time of very expensive gas, an immediate implementation of a more thorough bus system would have an immediate effect on reducing gas consumption. Even with today's volatile oil market, reducing demand still affects the price of gas more rapidly than no other force.
Posted by: Ron Rizzardi
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April 29, 2008 11:46 AM
Cut defense and bombing expenditures. End genocide for oil.. Peace, it's cheaper too. Last I read MIC uses as much as 40 percent of US oil demands alone. Stop genocide for Bush and Cheneys oil profiteers. As rich as this nation is we can't blow up entire civilisations over and over again expecting different results. It should be considered criminal to profit off of war like big oil and MIC are doing. Tax big oil back down to a few billion in profit per quarter or nationalize them.
Oil supply (inventory) is not the problem today, nor should we expand refining capabilities. We need to regulate speculation in the markets which many argue is as much 25 to 30 percent of the oil prices now. The housing bubble profiteers have moved into commodity speculation, if they can't stiff enough of us on our mortgage they will stiff you somewhere else as long as the DLC Blue Dogs & Republicans let them.. Raise taxes on oil profits and gasoline while dedicating the revenue to new technologies and alternate infrastructure like rail, and solar etc. etc. while resurrecting the electric car
I don't want an .18 cent discount, I want a pick up truck that gets 40 to 100 miles per gallon or 300 plus miles on one electric charge.
Garden, fish, hunt! The average ingredient on a American plate of food travels 1500 miles to get there.
Posted by: Eureka Springs, AR
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April 29, 2008 12:06 PM
I think Joyce Elliot wins the award for having the ugliest web site. I know this is off topic but her ad was showing on the right.
As for the gas tax, we all know taxes need to be raised eventually. The thing is you can't do that when the economy is in the crapper. Now is not the time to raise taxes especially on gas.
Posted by: The Real Bold and The Blue
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April 29, 2008 12:51 PM
sorry off topic again....
Now I see an ad for another ugly web site for Cathi Compton. Paschall Strategic Communications is listed on the whois but a canadian company is hosting it. You'd think at least politicans would use American companies.
Posted by: The Real Bold and The Blue
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April 29, 2008 12:57 PM
Everytime I refresh there's another ad for a local candidate. The last one was Jeff Dalily. The whois on that one was real interesting. It was done by a company called Digital Media and that company has an arktimes.com email address on its who is info. Very bizarre....
Digital Media Inc
2401 Lakeview Rd #w-6
N. Little Rock, AR 72116
US
Administrative Contact:
Curfman, Robert robert@arktimes.com
Posted by: The Real Bold and The Blue
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April 29, 2008 01:13 PM
Bring back the electric trolleys that the vested oil interests bought up and trashed to get people driving cars instead.
Better yet, invest in jump starting the plug in cars so everyone can do it, then invest in adding solar and wind to the grid.
But first, end the war that is sucking up the oil in the form of fuel for all those hogs sucking it down like the Hummers, tanks, and jets. You KNOW they are sucking down a huge amount of oil daily.
Posted by: rablib
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April 30, 2008 10:08 AM