McCain admits gas tax holiday no “panacea”
Wednesday, April 30th, 2008Allentown, PA — Despite acknowledging that a gas tax holiday is not a “panacea” for the rising fuel costs, Sen. John McCain again called on Sen. Barack Obama to support what he calls a “nice little break” for the American people Wednesday.
“I noticed again that Senator Obama refuses to endorse a gas tax holiday for Americans, despite the fact that he voted for it several times when the price of gas was about a dollar and a half a gallon,” McCain said during a media availability today. “Is this a panacea? Is this addressing our dependence on foreign oil? The rising costs of gasoline in America? Of course not. But it’s a nice little break for Americans, particularly lower income Americans who generally speaking drive further and drive older cars, which then increases their cost at the gas pump.”
The holiday will save the average American driver about $30 this summer according to some estimates and critics have called it a pander, but McCain was adamant about his support Wednesday.
He also noted that today’s economic figures, which show slight growth, did little to change his view of the American economy. McCain has previously indicated that the country may be in a recession.
“Perhaps there was some small growth as far as statistics are concerned. I don’t think that that helps Americans any,” McCain said. “American families are hurting, they are having difficulties staying in their homes. More than 250,000 of them have lost their jobs and we need to act and we need a plan of action and I have that.”
