Gas Tax Holiday

First proposed by Republican Presidential candidate John McCain, the concept of a gas tax holiday for the summer months is gaining steam nationally and in Missouri. Even McCain’s potential Democratic opponent, Hillary Clinton, is endorsing the idea as a way to combat rising gas prices.

Here in Missouri the House easily passed gas tax holiday legislation yesterday. The House version sets up a rebate program where consumers can apply with the state for reimbursement on all taxes paid from Memorial Day to Labor Day. The bill now goes to the Senate for approval.

With gas prices continuing to rise, and the first major summer holiday around the corner, the Missouri and national gas tax holidays are reasonable efforts to keep prices in line for consumers. While liberals prefer to target oil companies, the government itself has been guilty of raising the price of gasoline by adding taxes at both the state and local level.

A brief respite from that tax stream will hurt government only a little, while the effect will help consumers and the economy. If consumers decide not to travel, too many industries, including many whose profits are also taxed, will lose business. If consumers know they will be eligible for a refund on their travel expenses, they are much more likely to vacation in Missouri’s tourist spots.

Comments

[Steven Reed]

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[real person]

This is a common sense proposal. "Experts" can analyze all they want about how little it saves, what it costs in road repair etcetera, but the fact is, the average person will keep their consumer dollars at home to save a few bucks on gas and that will really impact the economy. When people are so short sighted it makes me wonder if they are completely out of touch. Thanks for reporting from a real person's perspective.