What happens when politicians need to look like they’re fixing high gas prices — without actually fixing them? In this video, I break down why a federal gas tax holiday is bad economics, good theater, and a quietly enormous gift to oil companies.
Following up on my earlier explainer, I dig into subscriber questions: Should we tax oil company windfalls? What would smarter relief actually look like? Does a diesel tax holiday make any more sense? And why do gas prices have such an outsized grip on American politics — even when the policy response makes things worse?
