, Columnist
Don’t Suspend the Gas Tax
The idea is appealing both politically and economically, but Democrats should be careful what they wish for.
They will come back down.
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Some centrist Democrats in Congress are pushing for a suspension of the gasoline tax, on the federal and state levels, and it’s not hard to see why: Many of them face tough odds for re-election next year, and rising fuel costs affect every one of their constituents. From both a political and economic standpoint, the plan has some appeal.
Nonetheless, suspending the gas tax is a short-sighted idea.