New York City Mayor Michael Bloomberg, a man who understands finance pretty well, is not on board with the “gas tax holiday” plan.[more]
Bloomberg said the “gas tax holiday” is “about the dumbest thing i’ve heard in an awful long time from an economic point of view. i don’t understand why you think there is any merit to it whatsoever. We’re trying to discourage people from driving and we’re trying to end our energy dependence. You don’t do that — oh, and incidentally having money to build infrastructure. All three of those things fly in the face of giving everybody 30 bucks a year.”
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