This Sunday on ABC News, George Stephanopoulos, asked McCain about his proposal. Here is a summary from this longer transcript:
Stephanopoulos: Not a single economist in the country said it’d work.
McCain: Yes. And there’s no economist in the country that knows very well the low-income American who drives the furthest, in the oldest automobile, that sometimes can’t even afford to go to work.
Stephanopoulos: But they all say that … the oil companies, the gas companies are going to absorb … any reduction.
McCain: … they say that. But one, it didn’t happen before, and two, we wouldn’t let it happen. We wouldn’t let it — Americans wouldn’t let them absorb that.
Stephanopoulos: How would you prevent that?
McCain: We would make them shamed into it. We, of course, know how to — American public opinion. And we would penalize them if necessary. But they wouldn’t. They would pass it on.
Now that is a sound policy for sure. Next, we'll just try shaming health care companies into offering affordable coverage. How did I not think of a plan so brilliant? At least Mr. Straight-Talker is doing a great job at one thing--dodging the important question by ignoring it. McCain seems to be quite skilled at ignoring the evidence when it doesn’t suit his agenda. But, most importantly, is that while a tax holiday may sound good to you, it will undoubtedly do nothing to help relieve gas prices--or your ever-shrinking wallet.