I don't want this to be specifically, politically critical here, but this “Gas Tax Holiday” is an utter load of bullshit. So it is impossible for me to avoid going out and advising anyone and everyone against this “bread and circuses”, “corporate welfare” plan. Putting it simply, Hillary Clinton and John McCain somehow think it is OK not to collect roughly 20 cents worth of taxes on every gallon of refined petroleum. They say the savings would be passed on to the consumer.

    This is blatant misdirection.

    The only people who have anything to gain from this are the oil companies who will be able to sell more gasoline and diesel over the summer than normally without cutting their profit margins.

     Let me explain how that works. The federal gas tax is 18.4 cents a gallon on gasoline and 24.4 cents a gallon on diesel. If you eliminate that tax, then the oil companies get to pretend that the raw cost of crude has dropped that much, when in fact it is and will be rising all summer long as demand increases, a demand that will be compounded because of the artificial drop in price. The plan gives no way to make up for the shortfall in government taxes of an estimated $10,000,000,000.00(ten billion) that is used primarily to maintain the roads and bridges that we drive on. So we're not going to reduce the cost of gasoline and not maintain the roads, that wouldn't make much sense would it?

     No, we're not. Instead we're going to borrow the money to keep road projects running. And we all know what happens when the US borrows more money right? The value of our currency drops. And the value of our currency is what determines how much a barrel of crude oil to produce gasoline costs right?

     So this plan would cut the tax, save consumers a little bit of money on gasoline(misdirection here), keep the demand for gasoline high which would keep the price of crude rising, borrow money to cover the lost tax revenue, which devalues our dollars, meaning each dollar buys less crude oil on the global market, end result the price of gasoline now increases based on pressure from two fronts, “increased demand” and “depreciated trade currency”. And more importantly, nothing has been done to help us move away from this increasingly unhealthy dependency on foreign oil.

     This is an utterly stupid plan that will only make things worse.