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April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review March 9, 2011 / 3 Adar II, 5771

Suspend the gas tax

By Dick Morris And Eileen McGann




http://www.JewishWorldReview.com | Republicans should demand the immediate suspension of the 18.4-cent federal gasoline tax and, at the state level throughout the nation, the suspension of the additional 30-cent average local tax. When gas prices drop again — likely not for several years — the taxes should resume.

All told, federal, state and local excise and sales taxes account for almost 50 cents of the price of gasoline at the pump. Republicans should seize on the current crisis to promote a smaller-government solution: suspension of the tax.

There is no better way to force Obama and the Democrats to battle for higher taxes than to raise the issue now and push it home. As gas prices rise to $4, $5 and possibly $6 a gallon, their intransigence on the issue will work massively to their political discomfort and disadvantage.

Obama will likely release oil from the Strategic Petroleum Reserve, but the extra oil will be a drop in the bucket (pardon the pun) and a short-lived remedy. With over 90 million barrels a day of global oil production, the release of even a million extra barrels a day will have only a marginal and temporary impact.

The reserve, which now stands at 727 million barrels, has only been tapped twice, once for 17 million barrels by President George H.W. Bush in 1991 at the time of the Gulf War and again in 2005 by George W. Bush during Hurricane Katrina for 11 million.

With American oil consumption running upward of 17 million barrels a day, tapping the reserve again is, at best, a limited remedy.

But suspending the gas tax and encouraging states to do so would be a more dramatic and effective solution.

Oil prices are going to rise ever further as the instability spreads throughout the Middle East. The Saudi monarchy is clearly in danger. The king is 86 years old and in very poor health. He recently returned after several months of treatment abroad. The two heirs are each over 80 and both also ill.

The Saudis produce 9 million barrels a day and have the capacity for 3 million more. If their monarchy succumbs to the spreading movement for popular government, the disruption will send massive shockwaves throughout the world.

The oil increase comes at the same time food prices are soaring. Wheat and corn have doubled and soybeans are up 50 percent. Health insurance premiums are rising by an average of almost 20 percent due to ObamaCare. And interest rates are likely to go up as the Fed brings its QE-2 printing of money to a close.

These increases are going to trigger significant inflation at a time when consumers can't and won't pay higher prices. But the fixed costs will remain and will force prices ever higher. The resulting stagflation will do much to imperil Obama's reelection hopes.

Compare the increase in gas prices with the 2 percent reduction in tax withholding Obama is heralding as an economic stimulant. The cut in withholding, negotiated as part of the extension of the Bush tax cuts this past December, will save the average American family (median income of $50,000) about $1,000 a year.

The average American, by contrast, consumes 500 gallons of gasoline annually. A one-dollar increase in gas prices would eat up half of the Obama tax break. When you add in the other inflationary pressures, the economic stimulus of the cut in withholding will vanish.

By focusing on the gasoline tax, Republicans can pose a direct challenge to stagflation and Obama is sure to rise to the bait of refusing to go along. He will speak about the impact of cutting road construction on jobs, but America has long ago realized that increased government spending and taxing is not the way to create jobs.

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