Give More Money to Iran

April 29, 2006

Economist Arnold King has this to say about a Reuters story on the new Republican plan to soften the blow at the gas pump.

EconLog, Senate Republicans: Give More Money to Iran, Arnold Kling: Library of Economics and Liberty

So…for every gallon of gas we consume at the market-clearing price, we will pay less in taxes, leaving more to go into Iran’s pockets. And if that does not help our friends overseas enough, we’ll raise taxes on our own oil companies, so they won’t drill so much.

I wish we could suspend the Senate until September 30.

And so do I. The sight of politics overruling good sense is not a pretty one.

Dave, busy burning his Republican credentials.

Posted by Dave | Filed Under Economics, Today