In a WH meeting today with Congressional leaders of both parties President Trump expressed his support for hiking the federal gasoline tax by .25 cents per gallon. Presently, the federal gas tax is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel. The money will be used to repair the nation’s infrastructure according to sources. The current federal tax on fuel has not been increased since 1993. Trump surprised many on both sides of the aisle by expressing support for the hike during today’s meeting.
Trump wants $200 billion in taxpayer money to stimulate a $1.5 trillion dollar infrastructure repair program over 10 years that will fix bridges, roads, and highways. The costs would eventually be transferred to the states and cities. Democrats insist any infrastructure plan MUST include new revenue! Well of course they do!
Congress has already transferred almost $140 billion to the Highway Trust Fund since 2008. To maintain current spending levels Congress would have to approve an additional $107 billion from 2021 through 2026. The US Chamber of Congress also supports a hike in the federal fuel tax by 25 cents per gallon! They say that such an increase would raise $394 billion over the next 10 years to pay for infrastructure repairs. This talk of increasing the federal gas tax comes on the heals of Trumps tax cuts! Surprised? You shouldn’t be! This president is going to bust the backs of the working poor…AGAIN as most past Republican POTUS have done! The Trump tax cuts are intended mostly for his buddies on Wall Street while the people on Main Street AGAIN are thrown mere table crumbs. Oh and btw you can count on states and cities hiking their gas taxes too!
Here’s what I think! Congress and the federal government has repeatedly demonstrated that they cannot manage the taxpayer money they already have and now they want more? I don’t think so! I suggest Congress and the government (at all levels) begin showing the American taxpayer they can manage the money they already have and then we’ll discuss a gas tax hike! And here’s something else in terms of “new revenue” for the dim Dems………. How about we STOP paying countries to be our friends? We can save ZILLIONS in foreign aid that would be more than enough for us to fix our infrastructure! We keep giving these two-bit nations US taxpayer money but they are most certainly NOT our friends! They are simply playing us for the foreign aid while consorting with our ENEMIES!! Time to put a stop to it! Continue Reading