April 16th, 2008
08:45 PM ET
6 years ago

McCain on gas prices: 'Americans need some relief'

CNN

Watch Sen McCain discuss gas prices.

(CNN) – A day after Sen. John McCain, the Republican Party’s presumptive presidential nominee, unveiled his major economic proposals, CNN Chief National Correspondent John King sat down with McCain to discuss the proposals in more detail.

“Americans need some relief,” McCain said of his proposal to temporarily suspend the federal tax on gasoline and diesel fuel. “I just think it’s kind of a good thing to do so people can have a little more enjoyable summer during tough times,” he added.

McCain, long an advocate of cutting wasteful federal spending, also explained why he was pushing certain measures that would likely delay achieving a balanced federal budget if he wins the White House. “The best way to have a balanced budget is to have a recovering economy,” said McCain.


Filed under: Economy • John McCain
soundoff (55 Responses)
  1. Thomas

    Because there is something known as gestation period. Easier said than done – in the time gap between obtaining a viable alternative and foolishly abandoning our stronghold on regions with rich oil deposits, the energy prices will rise high enough to butcher the economy. What's happening now would be nothing in comparison.

    Let's be honest, oil was one of the reasons US went into Iraq for, and it backfired – something this administration didn't expect. Otherwise US would be sitting over two largest oil deposits in the world right now.

    April 17, 2008 01:25 am at 1:25 am |
  2. Jacob

    reader.

    because we have to win. but what do we win?

    April 17, 2008 01:27 am at 1:27 am |
  3. D

    How would investing in alt. energy lower gas prices? Maybe in the long run, but he's talking short-term. Remember how this war was a supposed "blood for oil" cause?... where's the oil? We need to drain the middle east or drill Alaska

    April 17, 2008 01:34 am at 1:34 am |
  4. ECHEWEOZO

    MEDICINE AFTER DEATH

    April 17, 2008 01:36 am at 1:36 am |
  5. jimmy vekmen

    AGREE WITH READER. THE FEDERAL TAX ON GASOLINE WILL DO LITTLE TO HELP BRING THE GAS PRICES DOWN APPRECIABLY.
    GAS PRICES WILL STILL KEEP GOING UP TO 4 OR 5 DOLLARS BY THE TIME SUMMER ROLLS AROUND. BEST CASE SCENARIO WOULD BE SUBSTITUTING GASOLINE WITH NATURAL GAS, ETHANOL AND BIODIESEL.. WE NEED MORE OIL REFINERIES
    AND ETHANOL PRODUCERS. CONVERT MOTOR VEHICLES TO ETHANOL. OUR COUNTRY IS THE MOST ADVANCED TECHNOLOGICALLY AND WE ARE WONDERING WHY WE HAVE NOT DONE WHAT BRAZIL HAS DONE....USING ETHANOL TO POWER THEIR VEHICLES. RECENT NEWS REVEAL HUGE
    OIL RESERVES OFF THE COAST OF BRAZIL. U.S. COMPANIES
    SHOULD FORTHWITH TALK TO THE BRAZILIAN GOVERNMENT
    ON CONTRACTS TO DRILL FOR THE OIL AND BUILD REFINERIES
    ON A LONG TERM (99YEAR CIONTRACTS).BEFORE cHINA, INDIA
    AND OTHER COUNTRIES GET INTO THE ACT. fURTHER, HUGO CHAVEZ OF VENEZUELA IS VERY SUBTLY ENCROACHING AND
    REACHING FOR A BROADENING HIS POWER GRIP AND SEEMS HEADED FOR A DICTATORSHIP AND BEYOND THAT DOMINATING HIS NEIGHBORS . LET US MAKE NO MISTAKE ABOUT IT. CHAVEZ
    IS A COMMUNIST AND A THREAT TO OUR NATIONAL SECURITY.
    HE IS USING HIS OIL REVENUES TO ARM VENEZUELA , BUYING MODERN WEAPONS FROM OUR ENEMIES.. BECASUE WE ARE DISTRACTED BY THE WAR IN IRAQ, CHAVEZ IS TAKING ADVANTAGE OF IT. PERHAPS THINKING THAT WE NOT AWARE OF WHAT HE IS DOING.

    April 17, 2008 01:42 am at 1:42 am |
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