Slashdot Mirror

← Back to Stories (view on slashdot.org)

2 US Senators Propose 12-Cent Gas Tax Increase

Posted by timothy on from the electrifying-news dept.

An anonymous reader writes There are several proposals on the table to stave off the impending insolvency of the Highway Trust Fund (which pays for transit, biking, and walking projects too) in two months. Just now, two senators teamed up to announce one that might actually have a chance. Senators Bob Corker (R-TN) and Chris Murphy (D-CT) have proposed increasing the gas tax by 12 cents a gallon over two years. The federal gas tax currently stands at 18.4 cents a gallon, where it has been set since 1993, when gas cost $1.16 a gallon.

2 of 619 comments (clear)

  1. Re:Good! by Maxo-Texas · · Score: 5, Informative

    I think the tax needs to be a percentage tax.

    I agree that our infrastructure is suffering due to lack of funding.
    Adjusted for inflation, this tax has lost almost 75% of the purchasing power it had 20 years ago.

    --
    She was like chocolate when she drank... semi-sweet at first and then increasingly bitter.
  2. Re:Good! by darkwing_bmf · · Score: 5, Informative

    Our petrol costs $NZ2.20/L. It's been over $2 for years now.

    Translation:
    Our gasoline costs $7.24/gallon. It's been over $6.50 for years now.