Trump, Dems, Business Want a Gas Tax Increase. The President’s Economic Advisers Suggest a Better Idea.

Aside from banning bump stocks, no policy in Washington seems to have more bipartisan appeal than raising the federal gas tax.

The idea is beloved by such Democrats as Rep. Peter DeFazio of Oregon and Sen. Tom Carper of Delaware—the ranking minority members of the House and Senate committees that handle infrastructure. It’s beloved by the Chamber Commerce, which floated the idea of a 25 cent per gallon tax increase in January. Some congressional Republicans, such as House Transportation Committee Chairman Rep. Bill Shuster (R-Penn.), have voiced their support. So has President Donald Trump, who has suggested a gas tax hike could help pay for the direct federal spending in his $1.5 trillion infrastructure plan.

Less impressed: the president’s own Council of Economic Advisers.

In a Wednesday report, the council outlined several problems with the current gas tax, from its failure to adequately charge more fuel-efficient vehicles for the

This post was originally published on this site
Comments are closed.