Gas Tax Raise Coming To A Pump Near You

Gas Tax Raise Coming To A Pump Near You

Just as Americans breathe a sigh of relief over the reduction of gas prices, the federal government plots to take advantage of this good fortune. The Hill reports that both parties have been open to the possibility of a gas tax hike noting, “Senate Finance Chairman Orrin Hatch (R-Utah) and Sen. John Thune (R-S.D.), the third-ranking Senate Republican, also said they were open to the possibility of raising the tax.”

Generally speaking, there appears to be some merit in using these taxes for funding of critically needed road and bridge repairs. Taking advantage of a decline in gas prices to achieve this objective, however, is highly debatable, particularly when this price decrease will assuredly be temporary. Somewhere in the nation’s current, enormous tax revenue stream there has to be enough to fund the renovation of American’s transportation infrastructure.

 

Click here to read the full Hill article. 

 

 

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