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Tag: oil tax
Roadbuilding
With oil prices plummeting, Obama says now is time to raise gas tax
Gas prices are continuing to drop to historic lows, and there’s really no sign the trend will reverse any time soon. With that in mind, President Barack Obama thinks now is as good a time as any to raise the gas tax. According to The Hill, Obama told reporters last week the low prices on […]
February 9, 2016
Roadbuilding
Lawmaker looks to crude oil tax, indexed diesel tax for Highway Trust Fund solution; Plan would remove gas tax
As the Highway Trust Fund’s insolvency looms, Rep. Peter DeFazio (D-Ore.) has introduced a highway funding plan that would repeal the federal gas tax in favor of other funding options, like taxing oil barrels and indexing the diesel tax to inflation and fleet fuel economy. DeFazio’s Repeal and Rebuild Act is designed to be a […]
June 17, 2014
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