Tags: ryan | reject | gas tax | increase

Ryan Rules Out Gas Tax Increase, Major Individual Tax Changes

Thursday, 15 Jan 2015 06:35 PM

The U.S. House of Representatives won’t pass an increase in the federal gas tax, said Paul Ryan, the chamber’s top tax-writer.

“We won’t pass a gas tax,” Ryan, a Wisconsin Republican, told reporters Thursday at the party’s policy retreat in Hershey, Pennsylvania. Earlier this month, he became chairman of the House Ways and Means Committee.

As gasoline prices have declined, some lawmakers have urged Congress to consider the first gas tax increase since 1993 as a way to replenish the government’s highway fund.

Ryan also said the divide between Republicans and President Barack Obama would prevent a “full-throttle” revamp of the U.S. tax code.

Obama is encouraging changes to the business tax system that would set aside the dispute over whether high-income taxpayers should pay more.

“We just want to make sure we have the best possible tax reform that creates jobs, is fair,” Ryan said.

 

© Copyright 2017 Bloomberg News. All rights reserved.

 
1Like our page
2Share
Politics
The U.S. House of Representatives won't pass an increase in the federal gas tax, said Paul Ryan, the chamber's top tax-writer. "We won't pass a gas tax," Ryan, a Wisconsin Republican, told reporters Thursday at the party's policy retreat in Hershey, Pennsylvania. Earlier...
ryan, reject, gas tax, increase
146
2015-35-15
Thursday, 15 Jan 2015 06:35 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

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