Gas Tax Summer Holiday: Political Gimmick or Good Policy?

In this video report, we hear from the candidates, then from a tax policy expert analyzing whether the gas tax holiday is politically or economically feasible. The rising price of gas is on everyone's mind and tailor-made for engaging classroom investigations. How is the current and projected rising cost of gas affecting your students' daily lives or plans for the summer? Analyze the supply and demand economics of gas prices; categorize what your dollars spent at the pump actually pay for. What about the idea that "the best antidote to high gas prices is high gas prices"? What does that mean, do your students agree? How are gas prices linked to issues of global warming and energy independence? Compare the political solutions offered by the major presidential candidates. Do your students agree with Leonard Burman that the tax holiday will have minimal or no effect on the price of gas? Additional Resources Read the transcript

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Illustrations by Annamaria Ward