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ECONOMISTS CRITICIZE CLINTON, McCAIN GAS-TAX PLANS
May 13, 2008 - More than 200 economists, including four Nobel prize winners, signed a letter
rejecting proposals by presidential candidates Hillary Clinton and John McCain to offer a
summertime gas-tax holiday.
Columbia University economist Joseph Stiglitz, former Congressional Budget Office Director
Alice Rivlin and 2007 Nobel winner Roger Myerson are among those who signed the letter
calling proposals to temporarily lift the tax a bad idea. Another is Richard Schmalensee of the
Massachusetts Institute of Technology, who was member of President George H.W. Bush's
Council of Economic Advisers.
The moratorium would mostly benefit oil companies while increasing the federal budget deficit
and reducing funding for the government highway maintenance trust fund, the economists
said.
Click on the red link above to continue the story..
Source: Bloomberg.com
May 13, 2008 - More than 200 economists, including four Nobel prize winners, signed a letter
rejecting proposals by presidential candidates Hillary Clinton and John McCain to offer a
summertime gas-tax holiday.
Columbia University economist Joseph Stiglitz, former Congressional Budget Office Director
Alice Rivlin and 2007 Nobel winner Roger Myerson are among those who signed the letter
calling proposals to temporarily lift the tax a bad idea. Another is Richard Schmalensee of the
Massachusetts Institute of Technology, who was member of President George H.W. Bush's
Council of Economic Advisers.
The moratorium would mostly benefit oil companies while increasing the federal budget deficit
and reducing funding for the government highway maintenance trust fund, the economists
said.
Click on the red link above to continue the story..
Source: Bloomberg.com
