Wednesday, November 10, 2010

Two senators eye gas tax hike
to pay for highways and bridges

From Alexander Bolton of The Hill on Nov. .8:
A bipartisan pair of senators has urged President Obama’s debt commission to consider raising the gas tax to pay for infrastructure projects.

Sens. Tom Carper (D-Del.) and George Voinovich (R-Ohio) have written to the chairmen of the National Commission on Fiscal Responsibility and Reform advocating for a 25-cent per gallon tax increase.

“We suggest that the commission include an increase in the federal tax on gasoline and diesel as part of your report to the president,” they wrote. “We suggest that the taxes be increased by one cent per month for 25 months — a total of 25 cents over a three-year period.”

The lawmakers suggest that 10 cents of the tax increase should go to deficit reduction and 15 cents should go to funding transportation infrastructure improvements.

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