Trump Tax? Gas-Tax Hike Is in Play as Trump Weighs Infrastructure Politics
If Trump were to increase the Federal gas tax, some would argue that this is a political mistake. As we often say “infrastructure” is often code for crony capitalism.
The Trump administration hasn’t ruled out increasing the gas tax to help finance a $2 trillion infrastructure plan, but the idea has little support among officials who are wary of a politically risky move heading into the 2020 election.
A near doubling of fuel levies wouldn’t be enough to cover the additional cost over a decade of the infrastructure package, according to an internal administration document viewed by Bloomberg.
Reprinted from: https://www.ac2news.com/2019/05/trump-tax-gas-tax-hike-is-in-play-as-trump-weighs-infrastructure-politics/
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