Blumenauer: Gas tax holiday ain't happening
Sens. John McCain, R-Ariz., and Hillary Clinton, D-N.Y., are both flogging the idea on the campaign trail, saying they want to provide some relief to hard-press consumers by removing the 18.4-cent federal gas tax over the summer driving season.
"The good news is it won't happen," [Earl Blumenauer] told me over the phone today. "I think it's a non-starter in terms of it being enacted."
The big hangup in Congress is that no one wants to give up the $3 billion a month the gas tax brings into the highway trust fund, he said. The fund is already going into the red, he said, and members are besieged with demands for more projects than they can approve already.
So it's a situation of "we'd like to lower taxes but we don't want to give up the money..." Lowering taxes is the one way that I actually would like to see government get involved with the price of gas. Alas, we will keep paying that extra 18 cents a gallon because somewhere there is a bike path or trolley that needs to be built.