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Senator Cornyn Says McCain’s Gas Tax Holiday ‘Drives Up The Deficit’

By Brad Johnson on May 1, 2008 at 11:25 am

"Senator Cornyn Says McCain’s Gas Tax Holiday ‘Drives Up The Deficit’"

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On Fox News this morning, Sen. John Cornyn (R-TX) discussed rising gas prices and criticized the proposal to pay for a federal gas tax holiday with “revenue from the general treasury”:

Well, the problem with that is, while it would provide some temporary relief, it’s only about 18.4 cents a gallon. It would provide maybe a couple of bucks, as you say, for the fill-up. But the problem is that’s the money we use to build our roads and to repair our aging infrastructure. Others have said, well, we’ll simply fill the gas trust fund up with revenue from the general treasury, but of course that drives up the deficit.

Watch it:

Who is Sen. Cornyn talking about? McCain spokesman Brian Rogers has the answer:

Sen. McCain believes that general revenue transfers should be made to offset the impact on the transportation fund.

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