ATT MR. and MS. MIDDLE CLASS FAMILY
Would gas at $7 per gallon – jumping up all at once – influence your lifestyle?
If so – be worried – because $7 / gallon is roughly the monetized equivalent of letting the Democrats allow the Bush’s tax cuts to sunset out.
Figure one thousand gallons of gas per year, and figure a tax rise (including vanishing child tax credits) of $4,000. Place those four thousand dollars onto the thousand gallons of gas and – voila – you have $7 at the pump.