Based on his new economic policy, it appears that John McCain wants your vote so badly he’s willing to sacrifice the funding of the Highway Trust Fund…
Tax Cuts at Center of McCain’s Economic Plan
By MICHAEL COOPER
Published: April 16, 2008
PITTSBURGH — Senator John McCain offered the broadest look yet at his economic policies in a speech here Tuesday, calling for tax cuts, a freeze of discretionary spending for a year, higher premiums for better-off Medicare recipients and elimination of federal gas taxes this summer to reinvigorate the sagging economy.
One of Mr. McCain’s tax proposals would take effect even before the Republican Convention: he called on Congress to suspend the 18.4 cent a gallon federal gas tax from Memorial Day until Labor Day. Mr. McCain said that doing so would provide “an immediate economic stimulus,” but some environmentalists said that the change might encourage more people to use their cars, while Mr. McCain has made combating global warming central to his campaign.
It’s obviously a shell game aimed at fooling voters, because those dollars will just come from the general fund instead. All this is likely to amount in, is more gas consumption because of the lower prices, and a shift away from the current usage-based tax to one that makes everyone pay for roads.
It’ll also make for some good campaign rhetoric when he can tell people that he tried to lower gasoline taxes, but his opponent blocked him from getting it done.