Congressional candidate calls for gas price relief

  • Follow Metro

Twelfth District Congressional candidate John Stone called for Congress to provide immediate emergency relief from high gas prices by suspending fuel and tariff taxes.

The tax cuts could be paid for by ending billions in government subsidies for oil companies, Mr. Stone said during a news conference in Augusta today.



"We currently have 45 cents a gallon in taxes on gas in federal, state and local taxes," he said. "We have 55 cents on diesel in taxes. If Congress will temporarily lift that for 180 days, we can drive down the price of gas by 50 cents a gallon, the price of diesel by 60 cents a gallon and provide some real emergency relief for consumers, for our loggers, for our truckers."



The tax cuts won't solve the nation's long-term problem but will give the economy some relief, much more so than Tuesday's House and Senate action to temporarily suspend government oil purchases for the U.S. strategic oil reserve, he said. That action is expected to save consumers only 2 to 5 cents a gallon at the pump, Mr. Stone said.



"We can pay for it with the massive tax subsidies that we're currently giving the four major oil providers that are giving us this $127 a barrel price on oil," he said. "I don't see why when we're having an industry that's making the highest profits in world history, we're giving them tax subsidies while our consumers, our truckers, our business people, our economy is drying on the vine."



To solve the problem long-term, the nation needs to commit to make the country energy independent within 10 years, "whatever it takes," he said. Mr. Stone said Congress should lift the 54 cents per gallon import tariff on ethanol, which will save 10 cents a gallon on gas.

He also wants the United States to stop making ethanol from corn because it has driven food prices up drastically.

Reach Sylvia Cooper at 706-823-3228 or sylvia.cooper@augustachronicle.com

Comments (3) Add comment
ADVISORY: Users are solely responsible for opinions they post here and for following agreed-upon rules of civility. Posts and comments do not reflect the views of this site. Posts and comments are automatically checked for inappropriate language, but readers might find some comments offensive or inaccurate. If you believe a comment violates our rules, click the "Flag as offensive" link below the comment.
NotaDem
0
Points
NotaDem 05/15/08 - 06:21 am
0
0
News for John-The oil

News for John-The oil companies do not determine the price they pay for oil, OPEC does. To solve that problem, Congress needs to lift the Democrat position of no drilling. We need to drill everywhere there is oil and produce our own for US use only. We also need more refineries without restrictions. The and only then will we be oil independent, and able to tell OPEC what their price will be.

426Hemi
0
Points
426Hemi 05/15/08 - 06:34 am
0
0
The big oil is just starting

The big oil is just starting to get us used to these inflated prices, so when gas "drops down" to a mere 3 bucks a gallon; we'll all breath a sigh of relief and think nothing of it.

peppernik
0
Points
peppernik 05/15/08 - 11:31 am
0
0
Gas will not drop because the

Gas will not drop because the republican refinery owners don't have enough money!

Back to Top

Top headlines

Local merchants welcome Small Business Saturday

With having to compete with e-commerce and national retailers during the holiday season, local merchants welcome the spotlight that comes with Small Business Saturday.
Search Augusta jobs