The editorial page of my local paper defends my profession against the snide remarks of Senator Clinton. We can use all the help we can get, but in the process, the paper misses why economists are so squarely against the gas tax holiday:
Speaking of sophistry, it's perhaps not surprising that Clinton would want to change the subject when challenged about her gas tax “holiday” instead of defending it on the merits. After all, suspending the tax for three months would save the average consumer a paltry $30, while doing absolutely nothing to curb demand for oil. It would also deprive the federal highway trust fund of roughly $9 billion for badly needed road and bridge maintenance and repair if Clinton's proposal to make up that amount through a new tax on oil company profits failed to become law.

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