Democrats propose gas tax increase? Chevron, Shell, etc., first pay on10 BILLION in 1/4 profits. [View all]
Democrats propose gas tax increase? Thx! How about Chevron, Shell, etc., BEGIN to pay taxes on their 10 billion quarterly profits first?
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WASHINGTON Democrats, contractors and unions are pressing Congress to raise the gas tax to fund the Highway Trust Fund despite opposition from key Republicans that makes any increase unlikely.
On Wednesday, Sen. Barbara Boxer, the top Democrat on the Senate Environment and Public Works Committee, urged members of the Transportation Construction Coalition a group of trade associations and construction unions to lobby members of Congress for a long-term funding plan for the Highway Trust Fund, which is set to expire May 31.
The Highway Trust Fund is the primary source for federal highway and transit programs funding for local, state and national projects. It is funded by the federal gas tax currently set at 18.4 cents per gallon which hasn't been raised since 1993. In the past six years, there have been 32 short-term measures taken to maintain the fund, but Boxer endorsed raising the gas tax as a reliable long-term solution.
http://www.usatoday.com/story/news/politics/2015/04/15/gas-tax-highway-bill-unions-boxer/25848153/