05 May, 2008

Who is Right?

It happens every election season.

Candidates pandering for votes throw out empty promises in an attempt to show that they are the better choice than the other guy.

In the face of ever elevating prices, 2 of the 3 candidates for have suggested rolling back the Federal gas tax for the summer. One says that it is short sighted.. that it will leave the coffers to empty. Another says that we can make up for it by taxing the record profits from the oil companies.

If you ask me, that is the short sighted idea. Let's call a spade a spade. Corporations don't pay taxes.

Oh sure, they make payments to the government, but where do you think the money comes from? They look at taxes as operating expenses. These operating expenses are passed on to the cost to the consumers.

Here's an idea, waive the Federal gas tax and make up for lost revenue by not burning tax dollars with that misguided idea that corn ethanol will save the world. That will solve 2 problems with one solution..

Don't get me wrong, I am all for renewable energy sources, as long as they are commercially viable. If corn ethanol was going to work, someone would have figured out a way to make it without taking tax dollars to develop it.

No comments: