Gas Tax Increase Is Proposed in Congress
A bill proposing an increase in the federal tax rate on gasoline has been put forth in the House of Representatives. According to the proposal, footed by Oregon Democrat Earl Blumenauer, the tax rate would be increased by 15 cents per gallon, moving it upward to 33.4 cents.
According to Blumenauer, the move would serve as a way to raise funds to improve infrastructure, including roadways across America. Several reports have indicated that many of the country’s roadways are badly in need of repair and improvement, and there are many areas which could do with entirely new roadways as well. With funds in Washington extraordinarily tight, and debt levels spiraling out of control, Blumenauer’s proposal would serve as an effective means of getting money into the hands of roadways improvers on an immediate basis.
However, the proposal is likely to face criticism from House Republicans, who have vehemently opposed tax increases over the course of the past few years. Republicans have opposed collecting additional revenues, instead looking for spending cuts and other ways to trim expenses as a priority.