At least blood 'n' guts McCain is consistent on the foolish gas tax holiday. It's something he hasn't flip-flopped on lately, which is something of a miracle. But even this is a transparent pander to people who can't think of a more intelligent way to vote themselves $25.
It's hard to imagine how McCain ever got a reputation for straight talk.
Friday: Retail Sales, Industrial Production
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2 comments:
Do you know where I can find information on the amount of revenue the federal government receives from petrol tax? Is it at a DOT.GOV site?
Rough estimate, not including diesel:
9 million barrels per day
about 42 gallons per barrel, so 378 million gallons
18.4 cents per gallon federal tax
roughly $70,000,000 per day or $7 billion for the period for which McCain advocated a tax holiday - a couple of weeks in Iraq
There's probably better info out there, and DoT would be a good place to look.
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