Democrats Propose A Federal Tax Holiday for Gasoline
A sixty day Federal tax holiday is being proposed.
This from the Raw Story:
The measure, proposed by Sen. Bob Menendez (D-NJ), would reduce the cost of gas
by $0.184 per gallon and the cost of diesel by $0.244 per gallon. The move,
aides say, will provide $100 million dollars per day in relief.
Democrats say the money will be made up by cutting six billion dollars
in tax breaks to oil firms. Currently, the money from the federal gas tax goes
to the Highway Trust fund.
Will this happen most likely not, go to the Raw Story to read the rest of the story.