A Gas Tax Holliday is "the economic equivalent of solving the obesity problem by making Twinkies, ho-hos, and deep-fried mars bars tax deductible"

Please people do not be fooled by the gas tax holiday the politicians are promoting.

A Federal Gas Tax Holiday is bunk. Worse than bunk, it's counter productive -- the economic equivalent of solving the obesity problem by making Twinkies, ho-hos, and deep-fried mars bars tax deductible. Some people might call that populism, but pandering is closer to the mark.

Consider the following: The federal government figures that the average American drives 15,000 miles,¹ or about two thirds of the way around the circumference of the Earth, every year.² Put another way that's about 41 miles a day: about a gallon and a half of gas by most sane standards. The federal tax on that gallon and a half is a whopping twenty-seven cents.³

Twenty-seven cents. Try not to spend it all in one place.

Keep Reading