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Senators Want To Increase Federal Gas Tax By 12 Cents

From an approving Associated Press:

Senators propose 12-cent gas tax increase

By JOAN LOWY | June 18, 2014

WASHINGTON (AP) — Two senators unveiled a bipartisan plan Wednesday to raise federal gasoline and diesel taxes for the first time in more than two decades, pitching the proposal as a solution to Congress’ struggle to pay for highway and transit programs.

Because $4 dollar a gallon gasoline isn’t enough.

The plan offered by Sens. Chris Murphy, D-Conn., and Bob Corker, R-Tenn., would raise the 18.4 cents-a-gallon federal gas tax and 24.4 cents-a-gallon diesel tax each by 12 cents over the next two years, and then index the taxes to keep pace with inflation. The increase would be applied in two increments of 6 cents each…

Don’t worry. Obama will veto this. Remember? He vowed he would never allow one tax increase that would affect the middle class. (Anyone making under $250,000 a year.)

Revenue from gas taxes and other transportation user fees that for decades hasn’t kept pace with promised federal transportation aid promised to states. People are driving less per capita and cars are more fuel efficient, keeping revenues fairly flat…

Exactly as we predicted.

At the same time, the cost of construction has increased, and the nation’s infrastructure is aging, creating greater demand for new and rebuilt roads and bridges.

Whatever happened to the untold billions from Obama’s stimulus that was supposed to go to highway and transit programs?

The last time federal gas and diesel taxes were increased was in 1993 as part of plan to reduce the federal budget deficit.

And look at how the federal budget deficit has gone down ever since.

Republicans castigated Democrats for the tax increase, and it was a factor in the GOP takeover of the House and Senate the following year…

And yet they didn’t repeal it, did they?

This article was posted by Steve on Thursday, June 19th, 2014. Comments are currently closed.

2 Responses to “Senators Want To Increase Federal Gas Tax By 12 Cents”

  1. canary says:

    Call Senator Bob Corker (R) TN – DC office 202-224-3344 and complain.

  2. GetBackJack says:

    By odd coincidence, I’ve 12¢ left to my name

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