Bloomberg On Gas Tax Holiday: Dumber Than Dumb

Bloomberg On Gas Tax Holiday: Dumber Than Dumb


He’s arguably THE most business savvy politician ever, and here’s his opinion on the Clinton/McCain proposal…

“It’s the dumbest thing I’ve heard in an awful long time from an economic point of view. I don’t understand why you think there’s any merit to it whatsoever. We’re trying to discourage people from driving and we’re trying to end our energy dependence. We don’t do that — oh, and incidentally, we’re trying to have more money to build infrastructure. All three of those things go fly in the face of giving everybody $30 a year. The $30 bucks is not going to change anybody’s lifestyle. The billions of dollars that we would otherwise have in tax revenues can make a big difference as to what kind of a world we leave our children.”

Bloomberg praised officials who opposed the “summer break on gasoline taxes which would help Chavez, Qaddafi and other people like that. I don’t know why anybody would want to do it.” He went on to say critics like Assembly Speaker Sheldon Silver were right. “And,” he added, “[Barack] Obama was right on this one, and that [John] McCain and [Hillary] Clinton were wrong. The last thing we need to do is encourage people to drive more and to take away the monies we need for infrastructure in this country.”

But hey, $30!!!

  • Dos

    “We are trying to discourage people from driving.” You have 2 kinds of driving: discretionary driving and necessary driving. Bloomberg is right in terms of discretionary driving – the gas tax holiday would increase (if only marginally) the amount of summer time discretionary driving. It would have no effect on necessary driving and the bill is obvsiouly aimed at helping those lower-income necessary drivers, not the discretionary drivers. So I wonder how Bloomberg plans on dealing with these folks when they can’t afford to get to work.

    “We are trying to end our energy dependence.” And a tax holiday on the gas tax somehow kills that goal? In fact, I have heard the argument that demand for gas will increase, the price will go up. In which case, if that is correct, it is perfect plan for Bloomberg’s goals. Temporary, stop-gap measures regulating the pain does not kill the meta-policy objective of energy independence.

    “take away the monies we need for infrastructure in this country.” Particularly roads designed for petroleum-fueled vehicles.