The White House aims to boost what the federal government spends on big public works projects by about US$200 billion over the next decade as a part of its plan to fix the nation’s ailing infrastructure. So far, it’s unclear how the Trump administration plans to pay for most of this spending surge at a time when revenue is about to fall due to massive tax cuts.
As the director of energy studies at the University of Florida’s Public Utility Research Center, I’ve studied both taxes on energy and how the government leverages what it spends on infastructure through public-private partnerships. I believe there’s a chance President Donald Trump will usher in the first federal gas tax increase in 25 years to cover the cost of new roads and bridges.
He has, after all, already said he supports a 25-cent-per-gallon increasethe U.S Chamber of Commerce is backing, even if that sounds hard to sell to his own political base and other conservatives.
Read the full article about a possible gas tax hike by Theodore J. Kury at The Conversation.
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