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July 25, 2008 12:40:32 PM CDT

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Clinton, Obama Split on Federal Gas Tax 'Vacation'

Posted Apr 29, 08 9:06 AM CDT in US,  Business,  Politics 

(Newser) – Hillary Clinton has joined John McCain's call for a summer holiday from the federal gasoline tax, but Barack Obama says the move will hurt more than it helps, the New York Times reports. Clinton says she’d pay for it with a windfall-profits tax on the oil companies. “Middle-class families are paying too much and oil companies aren’t paying their fair share,” Clinton said.

But Obama argued that it would save consumers little—the tax is 18 cents a gallon—and do nothing to address the larger issues at hand. Obama said McCain’s “scheme” would save the average consumer $30 over 3 months, while taking away money from road improvements and costing jobs. “Half a tank of gas,” Obama told his audience. “That’s his big solution.”

Source New York Times

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A customer pumps gas where self-serve regular gasoline exceeds the $4-a-gallon mark, with Diesel fuel at $4.50, at a Mobil station in Los Angeles Friday, April 25, 2008.   (AP Photo/Reed Saxon)
Democratic presidential hopeful Sen. Hillary Rodham Clinton, D-N.Y., speaks at Historic Salisbury Station during a campaign event in Salisbury, N.C. Monday, April 28, 2008.   (AP Photo/Elise Amendola)
Democratic presidential hopeful, Sen. Hillary Rodham Clinton, D-N.Y., laughs as she enters a campaign event in Wilmington, N.C. Sunday, April 27, 2008.   (AP Photo/Elise Amendola)
Democratic presidential hopeful, Sen. Hillary Rodham Clinton, D-N.Y., speaks during a presidential campaign rally in Wilmington, N.C. Sunday, April 27, 2008.   (AP Photo/Logan Wallace)
Democratic presidential hopeful, Sen. Barack Obama, D-Ill., speaks during a town hall-style meeting in Wilson, N.C., Monday, April 28, 2008.   (AP Photo/Jae C. Hong)
Hillary Clinton and Barack Obama are of two minds on the federal gas tax.   (AP Photo/Carolyn Kaster, file)
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Barack Obama  • Hillary Clinton  • John McCain  • Obama 2008  • Clinton 2008  • tax breaks  • gas tax


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