HolyCoast: Clinton Proposes Raising Gas Prices to Reduce Gas Prices
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Wednesday, April 30, 2008

Clinton Proposes Raising Gas Prices to Reduce Gas Prices

Confusing, huh? Well, what else do you expect from Hillary Clinton?
INDIANAPOLIS, Ind — Hillary Clinton’s bashed Barack Obama again today for opposing a federal gas tax holiday over the summer — and hit her potential Republican rival John McCain for proposing one but failing to pay for it.

Clinton outlined her plan to cut the price at the pump at the Miller Veneer factory in Indianapolis — where customers have started refusing shipments because of the surcharge the company has to charge to make up for the higher cost of gas. First up in her plan: “I would immediately lower gas prices by temporarily suspending the gas tax for consumers and businesses.

“We will pay for it by imposing a windfall profits tax on the big oil companies. They sure can afford it,” she said. “This is a big difference in this race. My opponent opposes giving consumers a break from the gas tax, but I believe American people are being squeezed pretty hard.”

By "paying" for this gas tax holiday with a windfall profits tax, Clinton ensures that gas prices will not go down. The oil companies will simply adjust prices to compensate for the tax and the consumers will get nothing.

Another well thought out plan.

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