Thursday, May 8, 2008 | 2:01 a.m.
The proposed “gas tax holiday” from two of our presidential candidates fails to meet or solve any of the problems associated with the $3.62 gas prices of today. The problem is national in scope; the proposals are a short-term fix and contribute to inflation and high food prices.
My solution addresses all of these problems and will produce a minimum 10 percent reduction in the consumption of gasoline and produce a reduction of consumption for as long as required. It will also result in an increased supply of gasoline that will bring down the prices we pay today.
Very simply, my solution is for Congress to declare that effective next week, the speed limit on all roads federal highways, state highways, county and city roads shall be 55 miles per hour. The penalty for violations of this law shall be $100 for the first offense, $500 for the second offense and $2,500 for all subsequent violations.
The total contribution is shared equally by all citizens, and all citizens will share in the benefits of this program. It is a simple solution, easy to implement and fair to all. It is time to stop the bickering and make it happen.
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