The Corner

Gas Tax Holiday

Barack Obama isn’t right about very much, but he’s correct to say that the McCain/Clinton idea of a gas tax holiday is a bad idea, not least, I suspect, because it would probably have little impact on the price at the pump.

Then, as Ron Bailey  notes over at Reason, there’s this:

 

Don’t both senators [Clinton and McCain] support imposing a cap-and-trade market on carbon emissions to combat man-made global warming? In a Washington Post op/ed last year, two RAND researchers calculated that a relatively modest $30 per ton of carbon price would boost gasoline prices by 35 cents per gallon (and household electricity bills by 20 to 30 percent).

Ooops.

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