Larry Pressler: “we speak a great deal about families and people who are struggling to make a living. In the Midwest everybody who…”

“we speak a great deal about families and people who are struggling to make a living. In the Midwest everybody who produces things uses fuel. Our farmers get on a tractor and drive it all day using fuel all day. A trucker runs a truck and uses fuel all day. A builder uses fuel all day. There are some who believe in taxing the means of production. I say we should lessen the tax on the means of production and let us discover, as we know that will stimulate the economy and we will have more revenue in the Federal Treasury, because we will have more economic activity. Now, some have said that we do not want to pass this cut in the gas tax, this repeal, because the benefits will go to the companies and not the consumers. That is not true. This will be structured in such a way that the consumers and the users will get this. Others have said the high gas prices are caused in part by a need for more antitrust action. I say fine. I am an advocate of vigorous enforcement of the antitrust laws under Scott-Hart-Rodino antitrust or under Clayton or under the Sherman Antitrust Acts. Also, the price-fixing aspects of those, if there is evidence thereof. All those steps are necessary and good but as a member of the Senate Finance Committee we have a chance to repeal the gas tax. We should do so. It will help consumers. It will help families. It will help agriculture. It will help tourism.”