McCain proposes break in gas taxes

April 15, 2008 10:02:27 AM PDT
Republican presidential candidate John McCain is calling for the federal government to free people from paying gasoline taxes this summer and ensure that college students can secure loans this fall.

His proposals are aimed at stemming the public's pain from the troubled economy.

Speaking in Pittsburgh today, McCain said he would double the tax exemption for dependent children and offer people the option of choosing a simpler tax system.

He also urged Congress to institute a "gas-tax holiday" by suspending the tax on gasoline and diesel fuel from Memorial Day to Labor Day. And he renewed his call for the United States to stop adding to the Strategic Petroleum Reserve and thus lessen to some extent the worldwide demand for oil.

Democrat Barack Obama's campaign spokesman, Bill Burton, says McCain's proposals offer "no change from George Bush's failed policies by going full speed ahead with fiscally irresponsible tax cuts for the wealthiest Americans."