Across the fruited plain, the average price of a gallon of gasoline is $3.62, a full dollar higher than it was just one year ago. Of that $3.62, 18.4 cents go directly to the federal government, which then disburses most of it to states for road construction and repair.
One might conclude that reducing or eliminating the federal gas tax would help stimulate the economy by leaving more money in the hands of individual Americans. President Barack Obama, on the other hand, thinks that the way to stimulate economic growth is to continue taking that money out of the private sector and spending it on projects that benefit labor unions and other politically favored entities. Therefore, he is sounding the alarm that if Congress fails to pass a transportation spending bill whose “key component is the federal gas tax,” according to FoxNews.com, the federal government will be deprived of billions of dollars in revenue, and as many as one million jobs could be lost. (Revenue and jobs denied to politically powerless Americans because of the ongoing levy don’t count in Obama’s world.)
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