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Gas Prices
The candidates agree that consumers need help with sky-high fuel bills, but they have different plans for offering relief.
· Repeal the 54-cents-a-gallon tariff on imported ethanol.· Eliminate a current tax break for oil companies, but lower corporate taxes across the board.
"The effect [of a gas tax holiday] will be an immediate economic stimulus -- taking a few dollars off the price of a tank of gas every time a family, a farmer, or trucker stops to fill up." -- McCain*
· Keep gas tax in place.· Keep ethanol tariff to protect domestic industry.
· Tax oil profits and use the money to help fund $1,000 rebate checks for consumers hit by high energy costs..
· Eliminate oil and gas loopholes.
"I realize that gimmicks like the gas tax holiday and offshore drilling might poll well these days. But I'm not running for president to do what polls well..." -- Obama**
NEXT: Driving
Last updated October 29 2008: 12:15 PM ET
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*April 15, 2008, Speech, Pittsburgh, Pa.
* *June 24, 2008, Speech, Las Vegas, Nev.
*April 15, 2008, Speech, Pittsburgh, Pa.
* *June 24, 2008, Speech, Las Vegas, Nev.
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