Gas Tax Holiday … Yes Or No??

May 7th, 2008 Posted By Erik Wong.

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So, I’m hearing that a gas tax holiday will only shave about 16 cents off the price per gallon.

Woopty-Friggin’-Doo!

Voters Split on Gas Tax Holiday, but Concerned About Tax Hikes

Forty-six percent (46%) of America’s Likely Voters favor a federal gas tax holiday this summer. A Rasmussen Reports national telephone survey found that 42% are opposed and 12% are not sure.

Most voters who earn more than $75,000 a year oppose the gas tax holiday. Most who make less than $60,000 a year favor that policy change. Among those make less than $20,000 a year, 62% favor the gas tax holiday while only 11% are opposed.

Women favor the gas tax holiday by a 53% to 35% margin. Men are opposed by a 50% to 39% margin.

The survey also found that 37% of voters believe the federal government needs more tax revenue to fund important national programs such as highway repairs and health care reform. Forty-six percent (46%) disagree.

Democrats, by a 46% to 35% margin, say that new revenue is needed. Republicans, by a 59% to 27% margin, disagree. Among voters not affiliated with either major party, 34% believe more the government needs more revenue while 50% disagree.

From an ideological perspective, 52% of liberals say that more revenue is needed. Sixty-five percent (65%) of conservatives say it is not.

Investors, by a 50% to 36% margin, say that the government does not need additional revenue. Non-investors are more evenly divided.

Fifty-six percent (56%) of all voters are at least somewhat worried that the next President will raise taxes too much and harm the economy. That figure includes 77% of Republicans, 59% of unaffiliated voters, and 39% of Democrats. Most Democrats (56%) are not worried about taxes being raised too much.

At the other end of the spectrum, 43% are at least somewhat worried that the next President will cut taxes so much that it will harm important government programs. Most Democrats, 57%, are worried that the next President will cut taxes too much. That concern is shared by 41% of unaffiliated voters and 26% of Republicans.

When it comes to a more intense opinion, 27% are Very Worried that the next President will raise taxes too much. Just 12% are Very Worried that the next President will cut taxes too much.

An earlier survey found that 65% of Americans oppose a hike in the capital gains tax. Fifty-two percent (52%) believe that such a tax hike would harm the economy.

Fifty-eight percent (58%) correctly identified Barack Obama as the Presidential candidate who is opposed to the gas tax holiday.

(Rasmussen)

Well, Dollardheads … What say you?

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