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05-05-2008, 05:06 PM
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punk nun
   
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over 200 economists BLAST hillary clinton's gas tax proposal!
Sunday, May 4, 2008
OPEN LETTER FROM ECONOMISTS OPPOSING THE GAS TAX HOLIDAY 221 SIGNERS AND COUNTING Opposing the Gas Tax Holiday An Open Statement Opposing Proposals for a Gas Tax Holiday In recent weeks, there have been proposals in Congress and by some presidential candidates to suspend the gas tax for the summer. As economists who study issues of energy policy, taxation, public finance, and budgeting, we write to indicate our opposition to this policy. Put simply, suspending the federal tax on gasoline this summer is a bad idea and we oppose it. There are several reasons for this opposition: First, research shows that waiving the gas tax would generate major profits for oil companies rather than significantly lowering prices for consumers. Second, it would encourage people to keep buying costly imported oil and do nothing to encourage conservation. Third, a tax holiday would provide very little relief to families feeling squeezed. Fourth, the gas tax suspension would threaten to increase the already record deficit in the coming year and reduce the amount of money going into the highway trust fund that maintains our infrastructure. Signers of this letter are Democrats, Republicans and Independents. This is not a partisan issue. It is a matter of good public policy. Sincerely, Henry Aaron Senior Fellow The Brookings Institution Gilbert E. Metcalf Professor of Economics Tufts University Joseph Stiglitz, Columbia University (Nobel Prize in Economics, 2001) James Heckman, University of Chicago (Nobel Prize in Economics, 2000) Daniel Kahneman, Princeton University (Nobel Prize in Economics, 2002) Roger Myerson, University of Chicago (Nobel Prize in Economics, 2007) Angus Deaton, Princeton University (President-elect, American Economic Association) Charles Schultze, Brookings Institution (President of the American Economic Association, 1984, Chairman Council of Economic Advisers 1977-1981) Alice Rivlin, Brookings Institution (President of the American Economic Association, 1986, Director of O.M.B. 1994-1996) Peter Diamond, M.I.T. (President of the American Economics Association, 2003) Jeffrey Frankel, Kennedy School of Government, Harvard University (member of Council of Economic Advisers, 1997-1999) Richard Schmalensee, M.I.T. Sloan School of Management (member of Council of Economic Advisers, 1989-1991) Michael Jensen, Harvard Business School (President of the American Finance Association, 1992) Clyde Prestowitz, President, Economic Strategy Institute (Counsellor to the Secretary of Commerce, Reagan Administration) Robert Shapiro, Sonecon, LLC (chief economic advisor to 1992 Clinton Campaign) Sheldon Cohen (Commissioner of the Internal Revenue Service, 1965-1969) Michael Greenstone, M.I.T. John Shoven, Stanford University Wallace Oates, University of Maryland Barry Bosworth, The Brookings Institution Bob Bixby, Concord Coalition Alan Auerbach, University of California, Berkeley Jonathan Skinner, Dartmouth College Diane Lim Rogers, Concord Coalition Martin Weitzman, Harvard University Lawrence Goulder, Stanford University Austan Goolsbee, University of Chicago, GSB Gerhard Glomm, Chairman, Economics Dept. Indiana University Roger Morris, Indiana University Willard Witte, Indiana University Elyce Rotella, Indiana University Eric Leeper, Indiana University Arlington Williams, Indiana University Susan Monaco, Indiana University Robert Campbell, Indiana University Michael Alexeev, Indiana University Robert McIntyre, Citizens for Tax Justice David Cutler, Harvard University Martha Blaxall, George Washington University Jeffrey Liebman, Kennedy School of Government Harvard University Seema Jayachandra, Stanford University Frank Ackerman, Tufts University Ken Cordell, University of Georgia Catherine Wolfram, University of California, Berkeley Julie Nelson, Tufts University Nancy King, Yale University Richard Howarth, Dartmouth College Jeff Romm, University of California, Berkeley Joseph Cortright, Impresa Inc. Beth DeSombre, Wellesley College David Lindauer, Wellesley College Jan Kregel, Levy Economic Institute John Gowdy, R.P.I. Alan Krupnick, Resources for the Future Winston Harrington, Resources for the Future Tim Wolf, Global CFO, Molson Coors Brewing Company Nancy King, Yale University Gloria Helfand, University of Michigan Ulla Grapard, Colgate University Susan Feiner, University Southern Maine Robert Schwab, University of Maryland Marilyn Power, Sarah Lawrence Andrea Cohen, Tufts University Paul Courant, University of Michigan Chris Avery, Kennedy School of Government, Harvard University Robert Stavins, Kennedy School of Government, Harvard University Alan Deardorff, University of Michicagn Rebecca Blank, University of Michigan James Galbraith, University of Texas Loretta Fairchild, Nebraska Wesleyan University Roger White, Frankliln and Marshall College Anne Mayhew, University of Tennessee Gillian Hewitson, Franklin and Marshall College William Waller, Hobart and William Smith Colleges Adriana Lleras-Muney, Princeton University Myra Strober, Stanford University Marcellus Andrews, Barnard College Noelwah Netusil, Reed College Yannis Ioannides, Tufts University Jim Levinsohn, University of Michigan Richard Thaler, University of Chicago, GSB Chih Ming Tan, Tufts University Thomas Swartz, University of Notre Dame Todd Easton, University of Portland Duncan Foley, New School for Social Research John Weyant, Stanford University Charles Wilber, University of Notre Dame Adam Jaffe, Brandeis University Ian Parry, Resources for the Future Dani Rodrick, Kennedy School of Government, Harvard University Jon Faust, John Hopkins University Paul Portney, University of Arizona Stephen Cohen, University of California, Berkeley Joel Darnstadter, Resources for the Future Ilyana Kuziemko, Princeton University Ron Stanfield, Colorado State University Paul Davidson, The New School David Popp, Syracuse University Haynes Goddard, University of Cincinnati Robert Gertner, University of Chicago, GSB Stanley Black, University of North Carolina Patrick Conway, University of North Carolina Buck Goldstein, University of North Carolina John Akin, University of North Carolina Wojciech Kopczuk, Columbia University Mary King, Portland State University Jesse Rothstein, Princeton University Leemore Dafny, Northwestern University Erin Mansur, Yale University Jeff Zabel, Tufts University Gar Alperovitz, University of Maryland Harley Shaiken, University of California, Berkeley Michael Haneman, University of California, Berkeley Jeffrey Perloff, University of California, Berkeley Sheila Olmstead, Yale School of Forestry and Environment Studies Edward Barbier, University of Wyoming LeRoy Hansen US Dept. of Agriculture Shanna Rose, New York University John Weyant, Stanford University A. Myrick Freeman III, Bowdoin College Michael Bernstein, Tulane University Richard Revesz, New York University Immanuel Wallerstein, Yale University Jonathan Isham, Middlebury College Wayne Gray, Clark University Radhika Balakrishnan, Marymount Manhattan College Charles Kolstad, University of California, Santa Barbara Erzo Luttmer, Kennedy School of Government, Harvard University Randall Dodd, Johns Hopkins University Todd Schatzki, Analysis Group Lori Bennear, Duke University J. R. DeShazo, U.C.L.A. Hilary Sigman, Rutgers University Marianne Ferber, University of Illinois Joshua Fischman, Tufts University Martha Campbell, SUNY Potsdam Sanford Jacoby, U.C.L.A. Bruce Kogut, Columbia Business School Jaime Ros, University of Notre Dame Arleen Leibowitz, U.C.L.A. Daniel Mitchell, U.C.L.A. Eban Goodstein, Lewis & Clark College Milton Lower, retired Thomas Power, University of Montana Lloyd Orr, Indiana University Sarah Reber, UCLA Margaret Levenstein, University of Michigan Linda Wilcox Young, Southern Oregon University James Sweeney, Stanford University Mark Lemley, Stanford University John Tschirhart, University of Wyoming Jerry Nickelsburg, UCLA Richard Gilbert, University of California, Berkeley David Kiefer, University of Utah Diana Strassmann, Rice University Stephanie Seguino, University of Vermont Patricia Koss, Portland State University Gregory Rosston, Stanford University Barry Bosworth, Brookings Barbara Hopkins, Wright State University Enrico Spolaore, Tufts University Brigitte Madrian, Harvard University Erich Muehlegger, Kennedy School of Government, Harvard University Ernst Berndt, Sloan School, MIT Mark Kleiman, UCLA Jo Beth Mertens, Hobart and William Smith Colleges Wojciech Kopczuk, Columbia University Marianne A, Ferber, University of Illinois Victor Niemeyer, economist, San Jose, California Jennifer C Olmsted, Drew University Steven Clemons, New America Foundation Christopher Carroll, Johns Hopkins University Eileen Appelbaum, Rutgers University Peter Dorman, Evergreen State College Anne Case, Princeton University Donald A. Coffin, Indiana University Northwest Professor John Adams, University of Virginia Rosanne Altshuler, Rutgers University Tomasz Zylicz, Warsaw University Robert H. Frank, Cornell University Gary Biglaiser,University of North Carolina, Chapel Hill Randy Albelda, University of Massachusetts, Boston Howard Shelanski, University of California, Berkeley Jeffrey Vincent, Duke University George Norman, Tufts University Carl Shapiro, University of California at Berkeley Kade Finnoff, University of Massachusetts Amherst John F. Stewart, University of North Carolina at Chapel Hill Maggie McMillan, Tufts University Ray C. Fair, Yale University Faye Duchin, Rensselaer Polytechnic Institute Robert Waldmann Professor Università di Roma Alexander Rist, Economist, Seattle, WA Dean Baker, Center for Economic and Policy Research Mark A. Peterson, UCLA School of Public Affairs Herman B. Leonard, Harvard Kennedy School and Harvard Business School John Agnew, UCLA Frank Levy, MIT Jens Ludwig, University of Chicago Laurence J. Kotlikoff, Boston University Kevin Miller, University of Michigan Alexander Pfaff, Duke University William Brainard, Yale University Ernest Bartell, University of Notre Dame Michael O'Hare, University of California, Berkeley Ben Zipperer, University of Massachusetts, Amherst Matthew D. Shapiro, University of Michigan, Ann Arbor Gary D. Libecap, University of California, Santa Barbara Sabina Shaikh, University of Chicago Stephen W. Salant, University of Michigan Harold Pollack, University of Chicago J. Bradford DeLong, U.C. Berkeley Douglas Rediker, New America Foundation John Fitzgerald, Bowdoin College Mark Thoma, University of Oregon Cyrus Ramezani, California Polytechnic State University Billy Pizer, Resources for the Future James Barrett, Redefining Progress Laurence Seidman, University of Deleware Susan Ariel Aaronson, George Washington University John Connor, Purdue University
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05-05-2008, 06:08 PM
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#2 (permalink) |
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The elite have spoken. Screw you middle class America. Don't look for help with gas prices from Obama or the economists! By the way where were these economists as the price of gas started it's rise? They were the same place they are now, making predictions.....that did not come true. As I recall they were saying crude oil wouldn't go over $60 a barrel. They know so much don't they. Economist? Please.
This is a fear tactic. People need help NOW. I guess they're on the side of the Saudis and Bush too? Big Oil companies need to pay back some of the Record profits they are making. Trucking companies need to pay for the damage the heavily weighted trucks cause to the freeways (which is what most of the gas tax goes to) The Defecit....wow. One word for that....Iraq. |
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05-05-2008, 06:30 PM
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A TRUE comic's artist
 
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 The art of a first rate intelligence is the ability to hold two opposing thoughts in mind at the same time while still retaining the ability to function.
-F. Scott Fitzgerald- |
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05-05-2008, 07:21 PM
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Never forget there are those that could use $5 in help. |
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05-05-2008, 07:23 PM
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#5 (permalink) | |
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Senior Member
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05-05-2008, 07:44 PM
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#6 (permalink) |
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My Brain Hurts
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Boy o boy. That $3 or 4 a week I would save, assuming the gas companies actually lowered the price, sure would put me right back into solvency. I know this is true, because Hillary McCain told me so, and I'm enough of a dumbass rube to believe her. Yippie! It's smooth sailing ahead!
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 Google Sibel Edmonds"How many people died from the Kama Sutra as opposed to the Bible? Who wins?" - Frank Zappa |
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05-05-2008, 08:08 PM
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#8 (permalink) | |
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Senior Member
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Voodoo energy policy. Throw the bones. |
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05-05-2008, 08:29 PM
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#10 (permalink) | |
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A TRUE comic's artist
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$30 is saying "here's enough money in your pocket to buy half a tank of gas". $30 is an insult.
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The art of a first rate intelligence is the ability to hold two opposing thoughts in mind at the same time while still retaining the ability to function.
-F. Scott Fitzgerald- |
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