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The gas tax debate

The New York Times' Friedman hits both Clinton and McCain on their gas tax holiday support. "It is great to see that we finally have some national unity on energy policy. Unfortunately, the unifying idea is so ridiculous, so unworthy of the people aspiring to lead our nation, it takes your breath away. Hillary Clinton has decided to line up with John McCain in pushing to suspend the federal excise tax on gasoline, 18.4 cents a gallon, for this summer's travel season. This is not an energy policy. This is money laundering: we borrow money from China and ship it to Saudi Arabia and take a little cut for ourselves as it goes through our gas tanks. What a way to build our country."  

Uh, oh. The Wall Street Journal: "Although the major presidential candidates are making record gasoline prices a campaign issue, they are avoiding mention of measures they each support that would indirectly raise prices at the pump. ... Democrats Hillary Clinton and Barack Obama and Republican John McCain support some type of corporate cap-and-trade system to curb greenhouse gases, which likely would increase fuel prices. In addition, the Democratic contenders have called for a 'windfall profits' tax on oil companies, which ultimately could be passed on to consumers."