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Economy
Overnight Energy: Trump open to gas tax increase
2017-05-02
[The Hill] IS THE GAS TAX ON THE TABLE? President Trump on Monday floated raising the gasoline tax to pay for a roads and bridges improvement package, adding a new twist to the upcoming congressional debate over spending on infrastructure.

In an interview with Bloomberg News, Trump said he would "certainly consider" a gas tax hike "if we earmarked money toward the highways."

The gas tax last went up under President Clinton. There is little appetite among most conservatives for raising the gas tax now, though some Republicans have supported proposals to increase it, as many states have done.

Trump has made passing a $1 trillion infrastructure package a top priority for his first term in office. He is also pushing for an overhaul of the federal tax code, though he did not include a boosted gas tax in the proposal the White House released last week.
Posted by:Besoeker

#15  Free sex changes for everyone, on the house!
Posted by: Speper Chirt7924   2017-05-02 19:06  

#14  Remembering that every mention of something President Trump is pondering is the opening move in a negotiation, with whom is he negotiating here, and about what?
Posted by: trailing wife   2017-05-02 16:06  

#13  We don't have a revenue problem. We have a spending problem.

But if you want to discuss gas taxes, OK. Let's start by adding up all of the current taxes on fuel, then accounting for where that existing money is going. Let's publish that data so that every American knows how much he is paying and what he is getting for that money. If Americans still support raising the gas tax after that, then so be it.
Posted by: Iblis   2017-05-02 15:04  

#12  "f-u-n-g-i-b-l-e"
Posted by: Frank G   2017-05-02 14:57  

#11  Well, RJ, not just the electrics.
All the clustered innercity demovoters that don't drive don't get taxed.
Posted by: Skidmark   2017-05-02 14:56  

#10  Never was about the roads RJ. Just before they raised taxes they were begging Washington for money to pay their current bills. Now that they have raised taxes to repair "roads", the beggars have stopped begging.
Posted by: Nero White 3083   2017-05-02 14:20  

#9  Funny how California needs more money to fix the roads yet when I drive around Southern California I notice that Orange County is finding the money to keep their roads rather nice while Los Angeles appears to pay people to destroy the highways or something.
Posted by: rjschwarz   2017-05-02 13:58  

#8  And by raising the gas tax those that have electric cars don't have to pay for the roads they use. Since Tesla already gets massive government subsidies this is like double screwing the taxpayer.
Posted by: rjschwarz   2017-05-02 13:57  

#7  "We are going to eliminate Obamacare." "We are going to cut taxes." "We are going to build that wall" "In September." "There is always next year."

Makes you want to go to DC and plow under every golf course green until they stop putting on their campaign promises.
Posted by: Nero White 3083   2017-05-02 13:15  

#6  Effective 1 November 2017, the California excise tax on gas goes to 30 cents per gallon, with another 9.8 cents sales tax on the total amount (yes. Sales tax on the underlying excise tax). This 12 cent per gallon increase was passed so the Peoples Republic of California could repair the existing roads that rival Guatemala for their condition. We were promised it would oh be for Two years and then would revert back to existing levels by Jerry, so I'm sure the Prez will exempt us from even higher gas prices. No really.....
Posted by: NoMoreBS   2017-05-02 12:59  

#5  Fuel taxes are generally cents per gallon, which helps keep revenue flow stable when prices are wildly fluctuating, but in a generally inflationary environment the tax revenue does not keep pace. What to do, what to do? Aha! A ratchet tax, set at percentage when prices are rising and cents per gallon when they are falling!
Posted by: Glenmore   2017-05-02 11:05  

#4  When all else fails, raise taxes.
Posted by: Besoeker   2017-05-02 09:56  

#3  
#2 Wasn't the gas tax money already earmarked for infrastructure?

Wink wink, nudge nudge.
Posted by: charger   2017-05-02 09:54  

#2  Wasn't the gas tax money already earmarked for infrastructure?
Posted by: CrazyFool   2017-05-02 09:19  

#1  also pushing for an overhaul of the federal tax code, though he did not include a boosted gas tax in the proposal the White House released last week

Not sure how the tax code and the budget are related, Mx. Journalist, but the boosted gas tax might reduce the deficit, which might save one of your progressive pet projects, at least for this year.
Posted by: Bobby   2017-05-02 07:53  

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