John McCain called today for a federal gasoline tax holiday this summer, his latest proposal to shore up the faltering economy and show he is in touch with struggling Americans.
The suspension of the 18.4-cent federal gas tax and 24.4-cent levy on diesel fuel would go from Memorial Day to Labor Day. Gas prices are headed to record highs this summer approaching $3.50 a gallon for regular unleaded.
"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 trucker stops to fill up," he said in prepared remarks. "And because the cost of gas affects the price of food, packaging, and just about everything else, these immediate steps will help to spread relief across the American economy." - Boston Globe
That a boy, Johnny.