Clinton, McCain want fuel-tax holiday; Obama disagrees

| 4/29/2008

Democratic presidential hopeful Sen. Barack Obama has come out against the idea of a federal fuel tax holiday this summer, calling it a “short term, quick fix” proposal.

Democratic contender Sen. Hillary Clinton and Republican candidate Sen. John McCann have both already called for the holiday.

Clinton went a step further and also wants to levy a windfall profits tax against Big Oil. She wants to use the revenue from such a tax to bolster the federal highway fund.

All three candidates are in favor of suspending the purchase of more oil to put into the Strategic Petroleum Reserve. Clinton and Obama both have called for an investigation into possible manipulation of oil markets.