New York City Mayor Michael Bloomberg, a man who understands finance pretty well, is not on board with the “gas tax holiday” plan.
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.”
This video is from MSNBC’s Morning Joe, broadcast May 2, 2008.