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Sunday, May 04, 2008

Gas Tax Holiday Calculator

John McCain and Hillary Clinton have suggested suspending Federal Taxes on all Gasoline/Diesel sold between Memorial Day (5/26) and Labor Day (9/1) this year.

According to this study by the American Road & Transportation Builders Association, this "Gas Tax Holiday" will lower tax revenue for infrastructure by roughly $9 billion and potentially cost 300,000 highway construction jobs. The highway trust fund that the gas tax finances provides money to states and local governments to pay for road and bridge construction, repair and maintenance.

Calculate Your Savings Here

300,000 American Jobs Lost. $9 Billion in Federal Highway Funds.
North Carolina: 7,071 Jobs and $203,319,748 in federal highway funds
Indiana: 6,390 Jobs and $183,722,596 in federal highway funds
150 economists sign letter opposing the gas tax holiday
Fuel Type:
US Averages
Compact Car 27 MPG
Midsize Car 22 MPG
Large Car 17 MPG
Sports Car 14 MPG
Compact SUV 24 MPG
Midsize SUV 20 MPG
Large SUV 16 MPG
Minivan 17 MPG

Look Up Your Vehicle's MPG
Federal Tax Rate:
Miles Driven Per Week:
Expected Miles Driven: (15 weeks)
Miles Per Gallon:
Additional Miles Driven: (vacation, etc)
Total "Holiday" Miles Driven:
Total "Holiday" Gallons Burned:
Total "Holiday" Dollars Saved:

Calculate Your Savings Here

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