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At first blush, the idea of a gas tax holiday might sound appealing to many Americans. After all, cutting 18.4 cents out of the price of a gallon of gas, if only for a few months, would help offset some of the price increases we've been experiencing of late.
However good it sounds, though, it is precisely the wrong thing to do.
Foremost, it is nothing more than political gimmickry, put forth during an election year by politicians anxious to score a few points with overextended voters and their diminishing pocketbooks.
What, really, would it accomplish?
It wouldn't reduce the nation's demand for oil. On the contrary, it would likely lead to even greater consumption by motorists eager to take advantage of slightly lower gas prices during summer vacation months.
Meantime, it would add $9 billion to the national debt, while reducing funding for much-needed highway construction and maintenance projects. Furthermore, that would likely eliminate thousands of construction jobs.
Rather than resorting to gimmicks, KSL urges the politicians to think less about getting elected, and more about actually doing something about the nation's unhealthy reliance on imported oil. And instead of hoping for a gas tax holiday, KSL urges consumers to be more prudent about how they use the gasoline they buy.