• 4 minutes Will We Ever See 100$+ OIL?
  • 8 minutes Iran downs US drone. No military response . . Just Destroy their economy. Can Senator Kerry be tried for aiding enemy ?
  • 11 minutes Energy Outlook for Renewables. Pie in the sky or real?
  • 5 hours Iran Loses $130,000,000 Oil Revenue Every Day They Continue Their Games . . . .Opportunity Lost . . . Will Never Get It Back. . . . . LOL .
  • 1 day Iran Captures British Tanker sailing through Straits of Hormuz
  • 19 hours Renewables provided only about 4% of total global energy needs in 2018
  • 10 hours EIA Reports Are Fraudulent : EIA Is Conspiring With Trump To Keep Oil Prices Low
  • 2 days Drone For Drone = War: What is next in the U.S. - Iran the Gulf Episode
  • 2 days Today in Energy
  • 2 days Berkeley becomes first U.S. city to ban natural gas in new homes
  • 1 hour Shale Oil will it self destruct?
  • 23 hours Oil Rises After Iran Says It Seized Foreign Tanker In Gulf
  • 6 hours First limpet mines . . . . now fly a drone at low altitude directly at U.S. Navy ship. Think Iran wanted it taken out ? Maybe ? YES
  • 5 hours N.Y. Governor Signs Climate Bill
  • 2 hours U.S. Administration Moves To End Asylum Protections For Central Americans
  • 3 days LA Solar Power/Storage Contract
  • 3 days Why Natural Gas is Natural

Koch Brothers Oppose Trump’s Gas Tax Hike

Gasoline

The Koch brothers are against a $0.25 gasoline tax hike that would pay for planned infrastructure construction, according to a new report in the Washington Post.

“I urge you to oppose the 25-cent gasoline tax increase to fund infrastructure legislation,” Philip Ellender, head of government and public affairs at Koch Companies Public Sector, told members of Congress in a letter last week. “Just as many Americans are starting to see more money in their pockets from tax reform, ask yourself: Does the government want to take back a large portion of this tax relief to pay for more government spending?”

President Donald Trump proposed the 25-cent tax hike several times during a closed-door meeting earlier this month, Senator Thomas R. Carper (D-Del.) told reporters. Even before the meeting, Americans for Prosperity and Freedom Partners – both Koch-funded groups – had announced their opposition to the tax hike, which would fund $1.5 trillion in infrastructure spending.

“I oppose raising the federal gas tax,” Wyoming Senator John Barrasso, who chairs the Senate committee working on infrastructure, said. After hearing Trump’s arguments, he added: “not everyone who uses the roads today pays the tax, and not all of the money collected goes towards fixing America's aging roads and bridges.”

Last month, the U.S. Chamber of Commerce called for a “modest” increase in the federal fuel fee, because inflation and vehicle fuel economy have eroded its value since it was last raised back in 1993.

“Increasing the fee by a total of $.25 cents, indexed for inflation and improving fuel economy, would raise $394 billion over the next 10 years,” Chamber of Commerce president and CEO Tom Donohue said.

Republican lawmakers have pushed back on the idea of raising the gas tax, but there are some who are thinking the unthinkable, the Washington Examiner reports.

By Zainab Calcuttawala for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment
  • MontanaOsprey on February 22 2018 said:
    To even float this tax this year, before midterm elections, is INSANE. “Mule, meet 2”x4”. 2” x 4”, meet mule!” LOL

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play