Why truckers support Trump's proposed gas tax hike

A Gas Tax Hike Is the Obvious Answer to Infrastructure Funding

Lawmakers: President Trump open to 25-cent hike in gas tax

"It's always no", Stewart said. "While there are a number of issues on which President Trump and I disagree, today, we agreed that things worth having are worth paying for, and the president even offered to help provide the leadership necessary so that we could do something that has proven hard in the past". President Trump came back to the idea of a 25-cent increase several times throughout the meeting. A rival Democratic proposal calls for a fivefold increase in federal commitments, to $1 trillion. Over the next decade, the USA national debt will likely increase by $7 trillion, as the proposal does not seek to balance the budget, instead relying heavily on states to attract outside private investment to fund major projects. "The gas tax, like numerous other pay-fors that are being discussed, is not ideal", she said.

"He'll never get it by McConnell", Grassley said in an interview. As a result, the gas tax is far less effective at financing transportation projects than it used to be.

There's even hesitation on Trump's cabinet.

Elaine Chao who is the Transportation Secretary described the move as "not ideal" on Tuesday when she was speaking to the reporter at the White House. "The gas tax has adverse impact, a very regressive impact, on the most vulnerable within our society; those who depend on jobs, who are hourly workers".

The White House declined comment on the president's discussions during the closed-door portions of the meeting.

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Currently, the tax is 18.4 cents per gallon on retail gas and 24.4 cents per gallon on diesel. Raising the gas tax by a quarter could generate $36 billion a year, said Benjamin Salisbury, an analyst with B. Riley FBR Inc., in a research note to clients.

The White House proposal is silent on what the administration would do about the Highway Trust Fund, which finances most highway and transit projects through the fuel taxes.

Politico says anti-tax conservatives don't like the idea, with FreedomWorks, Americans for Tax Reform and Americans for Prosperity releasing statements opposing the increase. The presidents plan is another lost opportunity for leadership and vision, and it will take Congress and the business community to make the connection between a healthier infrastructure and a healthier economy. It was last increased by 2 cents in 2005.

When President Trump was campaigning for office, one of his promises was to upgrade and modernize the nation's infrastructure. "We welcome this debate and process and will work with drivers and businesses and families impacted to help the President and Congress succeed". "Republicans aren't about to hike taxes for the Trump voters driving their pickup trucks to work every day".

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