President Trump Said To Support A 25 Cent Increase In Gas Taxes

BY Michael Gauthier | Posted on

America’s infrastructure is crumbling and it’s a rare issue that Democrats, Republicans, unions and businesses all agree on. Unfortunately, that’s where the agreement ends as everyone has their own idea on how to fix the problem.

We’re starting to get a better understanding about President Trump’s philosophy as Fox News reports several lawmakers have confirmed he’s open to increasing the gas tax.

According to Senator Tom Carper, President Trump expressed support for increasing the tax on gasoline and diesel by 25 cents a gallon. The funds raised from the increase would then go towards improving the nation’s roads, bridges and highways.

While some people have expressed optimism about the President’s support, others strongly oppose any move to increase taxes.

CNBC reports Strategas Research ran the numbers and determined the obvious – it would cost drivers billions of dollars. When a government-estimated gasoline price increase of 20 cents per gallon is factored in, Strategas’ head of policy research says “The combined $0.45 per [gallon] increase in gasoline prices eats away $71.6 billion from the $120 billion in individual tax cuts or 60 percent of the net tax savings for consumers.”

A White House spokesperson declined to confirm the President expressed support for increasing the gas tax but told Fox News “everything is on the table” and noted the rumored increase has “pros and cons.”

The gas tax currently sits at 18.4 cents per gallon and hasn’t been raised since 1993. A number of politicians have supported increases in the past but the issue typically doesn’t go over well with voters.

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  • Jay

    Oh come on.

  • Milk it and fix the infrastructure before electrification takes over and people will charged their cars with their home-made energy.

  • Adilos Nave

    Or maybe cut back on our out-of-control and enormous military budget a bit to pay for it. What really burns me is that the new tax bill gave all the rich even more money (or saved them money depending on how you look at it) while an increase in the gas tax takes money out of the pocket from middle-class workers mainly. It hurts the lower and middle classes far more.

    • LWOAP

      Not happening. They’d shoot themselves in the foot before they ever considering cutting back on military spending.

    • THAT’S HOW HE DOES THINGS, TOP 1% NO ONE ELSE.

  • David Pagano

    So for how many years have gas taxes and fees gone into a DEDICATED (HUGE COUGH) “Highway Fund” that America’s finest 535 foxes guarding that “chicken coop” have done their supreme due diligence in rebuilding the infrastructure? Next question.

    • BGM

      Thank you. In Virginia I pay *property tax* on my car. And I tell you that outside of NYC Virginia has the worst roads I’ve ever seen (and I’ve been places).

      NOT.A.SINGLE.PENNY.MORE

  • Honda NSX-R

    Tax cuts for the rich and tax gains for the rest of the American public, gg

  • GobbleUp

    F this guy.
    Taxes in LA went up over a decade ago to fix the roads and nothing was done. All BS.

    F off.

  • Rob Banks

    Here in Cali, gov Brown just recently passed a new gas tax for the same exact reasons. We saw a more than 60 cent increase per gallon almost immediately. Money was already set aside to fix our roads but our incompetent leaders ended up spending it all on other things. What happened to letting the people decide by letting it go through voter proposition? I understand the need, but I can do without the manufactured consent and insulting my intelligence with a ridiculous sales pitch in what really amounts to a racketeering scam by our gov officials.