John McCain,  President 2008

John McCain Watch: McCain Proposes Summer Break in Gas Tax

McCaingastax

John McCain is out in front on this issue.

John McCain called Tuesday for the federal government to free people from paying gasoline taxes this summer and ensure that college students can secure loans this fall, proposals aimed at stemming the public’s pain now from the troubled economy.

In the longer-term, the certain Republican presidential nominee said he would double the tax exemption for dependent children and offer people the option of choosing a simpler tax system.

“We know from experience that no serious reform of the current tax code will come out of Congress, so now it is time to turn the decision over to the people,” McCain said in a sweeping economic speech at Carnegie Mellon University a week before Pennsylvania’s primaries.

To help people weather the downturn immediately, McCain urged Congress to institute a “gas-tax holiday” by suspending the 18.4 cent federal gas tax and 24.4 cent diesel tax from Memorial Day to Labor Day. He also renewed his call for the United States to stop adding to the Strategic Petroleum Reserve and thus lessen to some extent the worldwide demand for oil.

The economy is in recession and needs a bump.

The simpler tax system idea is from the Giuliani campaign. Remember?

But, while Hillary and Obama are duking it out over the “BITTER BATTLE”, McCain proposes a real world solution.