This week President Biden proposed a Fuel Tax Holiday. He did so because of the high gas prices the administration helped cause by shutting down various sources of oil to American consumers. He also did so because this is the Year of the Dreaded Mid-term elections.
There are several problems with Mr. Biden’s proposal. Among them:
TOO LITTLE AND WAY TOO LATE. When fuel prices went beyond $3 per gallon in Texas, where I live, a temporary relief from over taxation might have helped across our economy. What did the Administration do?
Nothing. President Biden’s spokesperson stated the Administration’s stance was that Americans shift from fossil fuels to a more cost-effective form of transportation.
IF YOU WISH TO DANCE, YOU WILL ONE DAY NEED TO PAY THE PIPER.
Congress passed a $1.4T infrastructure bill to be paid largely by fuel taxes. Only Congress/POTUS can possibly believe you can vote to spend that money and then cut off the means of support, even temporarily, without what Aristotle would have referred to as “unintended consequences.”
The potential outcomes include, but are not limited to Hyper-Inflation as the Budget Deficit explodes, business and personal borrowers must compete with the Federal government for funds and meaningful projects never get off the ground.
REMEMBER THE GOOD OLD DAYS.
Once upon a time we achieved energy independence. We were actually an energy exporter. Fuel supplies were such that we could make decisions based on what was best for America, not Saudi Arabia or China or Russia.
Oh, for the Good Old Days of American energy independence.
The Good Old Days were so long ago. Or, at least, so it seems. We were there in 2020.
THE DEVIL WOULD NOT LET ME DO IT.
This is an election year, of course, as all years seem to be now. As we approach Congressional midterms, a truly roiling economy spells trouble for the party in power. Mr. Biden’s handlers know this as well as you do.
When the administration finally moved on fuel prices, it was in the (predictably) most ineffective means possible, in order to pass the responsibility on to Congress, particularly the other party. If Congress acts in favor of the Tax Holiday, the administration will declare victory and go on vacation. If Congress does not vote in favor of the Holiday, the administration can then blame the “Republicans in Congress” who had to be the grown ups in the room, again.
PRAY FOR OUR PRESIDENT.This one is not a cliche. Christian Scripture urges us to pray for the leadership set in front of us. I close today by writing this preachy sounding end of the post, to wit:
If early Christians could and did pray for the Roman Caesar we can pray for our President.
COMING MONDAY: THE SCOTUS REVERSES ROE V. WADE AND EXPANDS GUN OWNER RIGHTS. WHAT IS NEXT?