House Transportation Committee considering a Gas Tax Increase? --
...One method being mulled is indexing the gas tax for inflation, retroactive to the last change in 1993. That would boost the federal tax, currently 18.4 cents a gallon, by about 5.4 cents. State gas taxes average an additional 22 cents per gallon.
Other possibilities are raising the tax two cents a year through 2009, taxing ethanol at the same rate as gasoline or stopping the practice of transferring interest from the highway trust fund — money from the gas tax dedicated to highway programs — to the general Treasury fund. ...
...One method being mulled is indexing the gas tax for inflation, retroactive to the last change in 1993. That would boost the federal tax, currently 18.4 cents a gallon, by about 5.4 cents. State gas taxes average an additional 22 cents per gallon.
Other possibilities are raising the tax two cents a year through 2009, taxing ethanol at the same rate as gasoline or stopping the practice of transferring interest from the highway trust fund — money from the gas tax dedicated to highway programs — to the general Treasury fund. ...
posted by APB at 9:51 AM
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