Obama likes to throw around the amount "30 bucks' when talking about the gas tax holiday. First I want to say when I can save 30 bucks I do it but of course I don't make $933,000 a year like Obama and his wife. But I also want to say this amount is way too low and he knows it.
The average American uses 464 gallons per year (NC-505, Ind-492). The federal tax is 18.4 cents. Discounting heavier driving in the Summer, the average American would save $21.34 per person, not per driver, per person, during the summer. A family of four would save $85 and change on gas alone.
Now lets talk about diesel. The federal tax on diesel is 24.4 cents per gallon. You don't use diesel, so you don't care? Do you like to eat? Do you wear clothes? Do you do anything besides exist? Then you use diesel.
The average piece of produce travels a little more than 1500 miles from the place it was grown to the place it is eaten. A diesel truck gets about 6 miles to the gallon. So to get food to you from farms a truck uses 250 gallons. So a gas tax holiday would save $61 per load. This can also be applied to everything else transported by truck including gasoline.
Barack Obama knows all this but he chooses to lie to you. He also knows without gas tax more people will travel thus restaurants will be busier, theme parks busier, NASCAR tracks busier and so on and so on........until more people are working. More people working means more people spending and it grows and grows.
That kind of thinking is exactly the way President Clinton balanced the budget and grew the economy.
Maybe Obama wasn't in the pews the day it was explained in the Ivy League.
It's either that or he is a liar.
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