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Gas tax holiday
In United States politics, the gas tax holiday or the gas tax loophole was a proposal made by presidential contenders Arizona Senator John McCain and New York Senator Hillary Rodham Clinton to suspend the federal excise tax on gasoline from Memorial Day to Labor Day in the year 2008. Proponents argued that this could potentially reduce the price of gas at the pump by about 18.4 cents a gallon for regular unleaded gasoline and 24.4 cents a gallon for diesel. If it were done, it was estimated the gas tax holiday would save consumers roughly $30 over the three-month period it would be instated.〔
〕 However, Barack Obama and others argued that the oil companies would not significantly lower prices and would instead pocket most of the tax cut, effectively turning the cut into a tax loophole.〔http://www.mit.edu/~jjdoyle/doyle_samphantharak_jpube_may07.pdf〕
== Proponents ==
Presidential hopefuls John McCain and Hillary Rodham Clinton both championed this proposal. The two political opponents purported this to be a short-term fix for gas prices that were set to hit $4 a gallon in the summer of 2008. With economic woes topping the American peoples' list of concerns, this became a hotly debated issue in the 2008 U.S. Presidential Election.
Clinton demurred when asked to name a single economist who supported the holiday, but libertarian George Mason professor Bryan Caplan wrote a ''New York Times'' op-ed arguing that "we could do a lot worse than the gas tax holiday." He said that while he agreed that it would not seriously reduce prices due to increased demand, it was "a relatively cheap symbolic gesture that makes truly bad policies less likely" and that it would give oil companies an incentive to increase production.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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