Posts Tagged ‘gas tax’

Trump Might Back 7-cent Gas Tax Hike

October 30, 2017

The Trump administration might seek an increase in the federal gasoline tax as a way of paying for a proposed $1 trillion infrastructure program.

That point was made by Trump’s economic adviser Gary Cohn during a meeting with House lawmakers last week.

The proposed 7-cent increase would be used to fund public work projects, such as railways, roads, waterways and bridges.

Trump had said earlier this year during an interview with Bloomberg News that he was open to a gas tax increase. The last gasoline tax increase came in 1993.

Rep. Bill Shuster (R-Pennsylvania), the chairman of the House Transportation and Infrastructure Committee has said there is little interest in a gas tax hike now, but committee members might support one if the White House gets involved and supports the increase.

Although the Trump infrastructure plan has received widespread attention, the administration has yet to reveal any hard details about it.