Fmr. Obama Adviser Goolsbee: Gas Tax Holiday Will Increase Government Borrowing, ‘Might Very Well’ Result in Refineries Just Raising Price

EXCERPT:

GOOLSBEE: "Yeah, I think the money that we go to the federal Highway Trust Fund, they would just have to borrow it. I think the bigger problem that people should think about is, in an environment where the supply is constrained, when you get rid of the tax, if you got rid of the tax, it might very well be that the refineries simply raise the price and — and they say, 'Hey, thank you very much.' You basically, rather than cutting the tax and getting it passed through to the consumers, did a thing that got passed through to the refineries, so the consumers' actual benefit might be even smaller than what it — what it first looks like."

(Via Breitbart)