CAL THOMAS COMMENTARY JUNE 24, 2022
FORMER PRESIDENT OBAMA CALLED THE IDEA OF A FEDERAL GAS TAX HOLIDAY A “GIMMMICK,” SO WHY ISN’T IT A GIMMICK WHEN PRESIDENT BIDEN ANNOUNCES ONE?
ON WEDNESDAY, THE PRESIDENT CALLED ON CONGRESS TO PASS A THREE-MONTH SUSPENSION OF THE 18.4 PERCENT PER GALLON FEDERAL TAX ON GASOLINE AND THE 24 PERCENT PER GALLON FEDERAL TAX ON DIESEL FUEL.
EVEN THE WASHINGTON POST, WHICH HAS BEEN IN THE TANK FOR BIDEN SINCE HE WAS NOMINATED FOR PRESIDENT, SAID: “TOP TREASURY OFFICIALS EXPRESSED DOUBTS ABOUT THE GAS TAX HOLIDAY, AND AT LEAST TWO TOP WHITE HOUSE ECONOMISTS ALSO PRIVATELY CONVEYED RESERVATIONS.” THAT’S PUTTING IT MILDLY.
THE PROBLEM IS SUPPLY AND DEMAND. BIDEN AND HIS PEOPLE HAVE DELIBERATELY REDUCED THE SUPPLY OF GASOLINE IN HOPES OF FORCING US INTO ELECTRIC CARS AT AN AVERAGE COST OF $60 THOUSAND WITHOUT ENOUGH CHARGING STATIONS AND WITH BATTERIES THAT IN MANY CASES CAN’T LAST AS LONG AS A FULL TANK OF GAS. IT IS A TRIUMPH OF IDEOLOGY OVER TECHNOLOGY AND WON’T WORK. OR, YOU CAN CALL IT A GIMMICK. I’M CAL THOMAS
