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February 14, 2018

Trump administration weighing gas tax hike to pay for $1.5T infrastructure revamp

  • Government
  • Elected Body
  • Energy

FOX Business – U.S. Transportation Secretary Elaine Chao said the government is considering raising the tax on gasoline as one option to pay for the newly released infrastructure proposal.

“The president has not declared anything out of bounds, so everything is on the table,” Chao said Tuesday, in response to a question about whether the federal government would raise the fuel tax to fill funding gaps.

Chao added that raising the gas tax is not ideal as it could have a “regressive impact” on hourly workers.

The federal fuel tax has not been raised since 1993. The current rate is set at 18.4 cents per gallon and has not kept pace with inflation.

Read more at FOX Business.

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