Trump says he's willing to raise the gas tax for his massive infrastructure plan
Andrew Harnik/AP
"It's something that I would certainly consider," Trump told Bloomberg on Monday, saying he would be in favor if the money was earmarked "toward the highways."
The current federal tax on gasoline is 18.4 cents on unleaded and 24.4 cents on diesel, according to the Energy Information Agency. Congress has not raised the gas tax since 1993.
Trump has proposed investing $1 trillion in infrastructure including roads, bridges, and airports using a combination of private and public money.
Trump's push for more infrastructure spending has been supported by Democrats. Senate Minority Leader Chuck Schumer and other congressional Democrats released the text of an infrastructure plan in February, but said Trump has not contacted them about the plan.
Trump also told Bloomberg that his one-page tax cut plan released Wednesday was "a starting point" and that he was willing to lose parts of the plan to get it through Congress. He said he wanted to make the cuts permanent.
- Luxury “floating” beach unveiled in France, termed an “ecological aberration”
- Scientists think they’ve spotted 60 potential alien power plants in the Milky Way!
- Bread, butter, milk-based health drinks, cooking oils classified as ultra-processed food, ICMR advises restriction
- Debt, equity holders approve merger of IDFC with IDFC First Bank
- Sunrisers Hyderabad to take on Punjab Kings as they look to grab the second spot in IPL points table
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market