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ICYMI: We can fund our federal highways without hiking the gas tax**

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Unread 05.16.19, 11:30 AM
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ICYMI: We can fund our federal highways without hiking the gas tax**

05.16.19 06:54 AM

Americans for Prosperity Economic Opportunity Portfolio Vice President Russ Latino | Des Moines Register House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer say they’ve reached a deal with President Donald Trump on spending an additional $2 trillion on “infrastructure” over the next decade – a staggering sum. … While they have yet to outline how they’d pay for all this, one idea already being considered is increasing the federal gas tax from 18.4 to 43.4 cents a gallon. A 25-cent-per-gallon hike would raise $394 billion over 10 years, which represents about 35% of the individual tax cuts enacted in 2017. *But since President Trump, Speaker Pelosi and Minority Leader Schumer are looking to spend five times that amount, 25 cents more a gallon wouldn’t come close to satisfying their appetite. Raising the gas tax is a bad idea. For most, filling up the gas tank isn’t a choice — it’s a necessity. We need gas to go to work, drop the kids at school, and run errands as part of our daily routine. More than doubling the federal gas tax would impose a significant burden on families, costing the average American household nearly $300 a year — just […]

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