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McCain calls for suspension of federal gasoline tax
04/21/2008
US Sen. John McCain (R-Ariz.), the presumed 2008 Republican presidential nominee, called for a suspension of federal gasoline taxes from Memorial Day to Labor Day as an economic improvement measure.“The effect will be an immediate economic stimulus, taking a few dollars off the price of a tank of gas every time a family, a farmer, or a trucker stops to fill up,” he said in remarks scheduled for delivery Apr. 15 as part of a larger economic address at Carnegie Mellon University in Pittsburgh.Suspending federal excise taxes would reduce retail gasoline prices by 18.4¢/gal and diesel fuel prices by 24.4¢/gal, according to the US Energy Information Administration.The fed...
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