Analysis: Corporations, wealthy pay in Biden infrastructure plan, not drivers and riders
WASHINGTON (Reuters) - President Joe Biden's plans to spend billions of dollars on the United States' crumbling roads and mass transit include a novel twist - making companies and wealthy households, rather than drivers and riders, pay the cost.
Biden will unveil more details about the first stage of his infrastructure plan, which could be worth as much as $4 trillion, in Pittsburgh on Wednesday.
Business groups and lawmakers on both sides of the aisle have been pushing Biden to raise U.S. fuel taxes, some of the lowest in the world, for the first time since 1993. They also want a new mileage tax that would sweep in electronic vehicles to plug holes in the national highway fund.
But the White House has rejected those ideas, U.S. Transportation Secretary Pete Buttigieg told CNN on Monday. A gas tax is politically risky and would weigh more heavily on lower-income Americans, who often travel longer distances for work.
https://www.msn.com/en-us/news/us/analysis-corporations-wealthy-pay-in-biden-infrastructure-plan-not-drivers-and-riders/ar-BB1f6Vh6?li=BBnb7Kz