Political Quotes

On the recordMay 7, 1996
I very much agree with his comments and would add that, after the 1993 deficit reduction legislation, the price at the pump-- when that small tax increase took effect--was lower than when it was enacted. Perhaps the Senator from Illinois also saw in the Wall Street Journal an article today under the section called ``The Economy.'' It is headlined, ``Economists Say Gasoline Tax Is Too Low.'' The subhead is, ``GOP's Proposed Rollback Is Seen Aggravating Deficit.'' This is by Jackie Calmes and Christopher Georges. It begins: Republicans seeking to gain political mileage from a lower gasoline tax can't look to economists to support their case. Not that economists are infallible. Who is? But they make that point. I do not have to explain the term ``externalities'' to the learned Senator from Illinois. Gasoline costs you, air pollution costs you, as do the wear and tear on the environment and infrastructure, and so forth. You have to pay for that. You better be careful about how much you do because the costs that you have not paid for keep mounting. I wonder if he has not read this. Would he wish to have it printed in the Record at this point?
Said by
Patrick Moynihan
Illinois

Editor's note · Context

Discussing the implications of gasoline taxes and their impact on the economy.

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