Club for Growth Slams Proposal to Raise Gas Taxes

Wednesday, 18 Jun 2014 03:48 PM

By Todd Beamon

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
The Club for Growth on Wednesday slammed a bipartisan proposal to raise the federal gas tax to pay for road and transit programs as "bad policy" and "terribly anti-American."

"This is a $164 billion tax increase, plain and simple," Chris Chocola, the group's president, said in a statement. "It’s not an example of political courage to avoid reforming a broken system.

"Rather than perpetuate this failed system, Congress should devolve highway funding to the states and let them fund their own infrastructure needs," Chocola said.

Republican Sen. Bob Corker of Tennessee and Democrat Chris Murphy of Connecticut proposed raising the federal taxes on gas and diesel fuel by 12 cents a gallon over the next two years to cover a projected shortfall in the Highway Transit Fund.

The current gas tax is 18.4 cents per gallon, and the diesel tax is 24.4 cents a gallon. After the two years, the taxes would be indexed to keep pace with inflation.

Their proposal would offset the tax increases with other tax cuts. The senators said that could be done by permanently extending six federal tax breaks that expired this year, but they indicated they would be open to other suggestions.

The Highway Trust Fund pays for road and transit aid. It is expected to go broke by late August.

Revenue from gas taxes and other transportation user fees that go into the fund have not kept pace with federal aid promised to states. People are driving less per capita, and cars are more fuel efficient, keeping revenues fairly flat.

The nation's infrastructure is aging, creating greater demand for new and rebuilt roads and bridges. At the same time, the cost of construction has increased.

"Instead of standing up to the special interests who feast on the chronically bankrupt Highway Trust Fund year after year, Sen. Corker and Sen. Murphy have essentially decided that throwing more money into a black hole is a good path forward," Chocola said in blocking the plan. "It’s not."

Related Stories:


© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Terrorist's Son, Who Once Hid His Identity, Becomes Peace Activist

Monday, 22 Sep 2014 10:25 AM

When Zak Ebrahim’s father was arrested for his involvement in the 1993 World Trade Center bombing, Ebrahim did everythin . . .

Sen. John McCain Denies Syrian Rebels Caused Sotloff's ISIS Murder

Monday, 22 Sep 2014 10:15 AM

Arizona Sen. John McCain and the White House have forcefully denied claims by the family of beheaded American journalist . . .

Apple Sells More Than 10 Million IPhones in Debut Weekend

Monday, 22 Sep 2014 09:51 AM

Apple Inc. sold a record of more than 10 million iPhones in the weekend debut of two new models, as consumers flocked to . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved