Senator McCain has called for a "gas tax holiday", suspending the 18.4 cents per gallon tax on gasoline and 24.3 cents per gallon on diesel fuel. The proposal has drawn criticism from economists who state that to make up the loss in tax revenue, money will have to be drawn from the general Treasury Fund, increasing the deficit. Though McCain told Fox News Channel on April 24th, that he could pay for it by cutting Congressional pork. | Senator McCain has called for a "gas tax holiday", suspending the 18.4 cents per gallon tax on gasoline and 24.3 cents per gallon on diesel fuel. The proposal has drawn criticism from economists who state that to make up the loss in tax revenue, money will have to be drawn from the general Treasury Fund, increasing the deficit. Though McCain told Fox News Channel on April 24th, that he could pay for it by cutting Congressional pork. |