We’re in a spiraling economy, and every dollar counts.
Campbell’s plan, which will be presented in Washington later this week, would give a 30% return on money spent on an employee’s commute to work. If passed, the bill would add a new line-item deduction on federal taxes, giving commuters a break.
It would be up to the IRS to determine how the deductions would be compiled, such as a log book or receipts.
Hmmm. More money in Americans’ pockets? Less money for the federal government?
Sounds like a win-win.
Critics have called the plan insufficient, even gimmicky. Steve Young, the Democratic candidate challenging Campbell, called it “a Band-Aid for a heart attack.”
“It is a Band-Aid,” Campbell responded. “But people are bleeding, and we need a Band-Aid until we heal the wound.”
We agree. Just because the proposed bill falls short of sweeping solutions — and make no mistake about it, we will need, at the end of the day, sweeping solutions to these unacceptable gas prices — doesn’t mean that it has no value. A 30% return is of great value to commuters who are paying more and more at the pump just to get to work.
We are bleeding — from the wallet — and anything that slows that down is helpful, even if it doesn’t make us whole.
