Gas Tax Holiday Proposed
May 2, 2008
Faced with increasing fuel costs, presidential candidates Hillary Clinton and John McCain have recommended suspending the federal gas tax, the revenue from which is used to maintain federal highways and bridges. Under the plan, the tax, which stands at 18.4 cents for gas and 24.4 cents for diesel, would be suspended for the summer months to lessen the cost during the peak demand season. Democratic hopeful, Barack Obama, has come out against the suspending the tax, saying that there would be very little benefit.