The following excerpt is from an article that originally appeared on Hit and Run Reason
Christian Delbert/Dreamstime.comAs the Trump administration prepares its plan on how to deliver the $1 trillion infrastructure investment that it keeps promising, some voices are calling for a steep hike in the federal gas tax.
On Thursday the Chamber of Commerce unveiled its set of infrastructure policy priorities. It included a whopping 140 percent increase in the federal gas tax, from 18.4 cents per gallon to 43.4 cents per gallon. The Chamber estimates that this will bring in an additional $394 billion in revenue over the next decade.
“It’s the simplest, fairest, and most effective way to raise the money we need for roads, bridges, and transit,” the group’s president, Tom Donahue, said in a speech yesterday. “Our leaders need to stop hiding behind the fallacy that this can’t be done and just go do it.”
Long been a priority of American businesses interests, a higher gas tax has also attractedpost was originally published on this site