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'World News' Gives One-Sided Anti-Gas Tax Holiday Report

By Jeff Poor
Created 2008-05-01 16:38

in the April 15 IBD [1] finds some merit in the proposal. Although it isn't a permanent solution, it is a step in the right direction.

"The tax holiday is a slam dunk," the editorial said. "Yes, the government would lose $10 billion in revenue, as the Associated Press took pains to point out. But that's exactly the point. That money would instead be going into the pockets of the very people who need it most - those pinched by the soaring cost of oil, now at $113 a barrel. If Congress needs the $10 billion, let it cut pork-barrel spending."


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http://newsbusters.org/blogs/jeff-poor/2008/05/01/world-news-gives-one-sided-anti-gas-tax-holiday-report