John McCain wants the federal government to suspend the 18.4 cent federal gas tax and 24.4 cent diesel tax from Memorial Day to Labor Day. He also renewed his call for the United States to stop adding to the Strategic Petroleum Reserve and thus lessen to some extent the worldwide demand for oil. Federal taxes are per gallon while many states put a sales tax on gasoline and diesel so the higher the price and higher the tax.
McCain also called for the Department of Education to act to strengthen the student loans program that is under stress as many lenders have been cutting back or eliminating loans. He also wants to raise the income tax exemption from $3,500 to $7,000 per child, and suspend for one year all increased spending by federal departments.
McCain called for these reforms on the event of the April 15th income tax filing deadline.
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