One of the big buzzes lately in the American politicosphere is about Senator McCain’s bid for a “gas tax holiday” for three months, which would remove the 18 cent federal tax on gasoline purchases from Memorial Day through to Labour Day (typically when gas prices seem to rise due to increased travel). There’s lots of talk on the internet about how terrible this idea really is, citing that it won’t help to stabilize the economy, that we’ll encourage more use of a source of energy that is harmful to the environment, and that it is merely a band-aid fix or political tactic merely to gain entry into the presidency. (more…)