A bipartisan push for higher gasoline taxes
Two senators urge Congress to have the "courage" to hike federal fuel taxes by 12 cents to save the nation's transportation system
Sen. Chris Murphy (D-Conn.) and Sen. Bob Corker (R-Tenn.) unveiled their proposal on Wednesday.
It calls for increasing federal gasoline and diesel taxes by 12 cents, via a six-cent hike in each of the next two years (they're currently set at 18.4 cents and 24.4 cents, respectively, where they've been since 1993). Those increases would be offset by tax cuts, or perhaps by permanently extending some other provisions in the bipartisan "tax extenders" bill.
In a joint statement, the senators noted the federal HFT, which supplies more than half of the nation's budget for transportation projects, will begin to run out of cash by mid-July.
http://www.cbsnews.com/news/a-bipartisan-push-for-higher-gasoline-taxes/
If this will save highway deaths from occurring, I'll GLADLY cough up more money. |