Posted on 06/18/2014 9:48:43 AM PDT by Olog-hai
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.
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 by 12 cents each over the next two years, and then index the taxes to keep pace with inflation.
The plan also calls for offsetting the tax increases with other taxes cuts.
(Excerpt) Read more at hosted.ap.org ...
Um...all of it.
So, they want to increase taxes on every American who drives but tell us they will offset that with Federal tax cuts which only benefit the wealthy elite.
Nope. Government gets enough money. Cut back on the welfare state to pay for roads.
Ah but that’s why it’s all excellent, dear taxpayer. Because we spent it all, which apparently was the correct amount!
There are always a few Republicans willing to join the Democrats and stab America in the back. Corker has been a BIG disappointment,
Very sane proposal. If only it would be concurrent with a rollback of utterly unnecessary regulations and corporate taxation too.
Add licensing costs to the electric cars that aren’t paying THEIR FAIR SHARE of highway funds.
Elites are all for it.
The middle and lower classes, not so much.
Me thinks the next American Revolution will have more of a French Revolution flavor to it, if you know what I mean...
Don’t they realize that Obama’s lack of policy in Iraq will add 12cents times 10 to gas prices causing another energy crisis?
Another Republican acting like a Democrat!
If that’s true, then the country will plunge further left.
...and then index the taxes to keep pace with inflation.
Pubs should come out with a plan to lower it 20 cents and settle for a 10 cent reduction.
And the push for hybrids and electric cars??? What taxes will they pay???
And I like the bovine excrement that they will cut taxes elsewhere when these highway taxes are raised. Yeah, sure they will.
Skyrocket anyone?
Oh gee, thanks a million Bob Corker, RINO (aka, Democrat/Obama Collaborator) - Tenn.
WE WON'T FORGET!
Hope the two don’t find out what the vultures shoved through in MD. A 6% SALES tax of fuel.
Absolutely ZERO incentive to find ways to lower gas cost.
Good idea. It’s not like the fiasco in the Middle East is going to cause prices to skyrocket.
The six expired tax breaks identified by the senators as possible offsets for fuel tax increases are a research and development tax credit, certain expensing by small businesses, the state and local sales tax deduction, increasing employer-provided transit benefits to the same level as parking benefits, a deduction for spending by teachers on classroom supplies, and an increased deduction for land conservation and easement donations.The only one of those I sufficiently understand is the transit/commuter benefit (re-)increase.
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