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Infrastructure petrol tax lowers Biden’s thumb

The federal gas tax is 18.4 cents a gallon, which has not increased since 1993.

Washington — The White House opposed President Joe Biden on Friday to raise the federal fuel tax at inflation to help pay for the infrastructure package that a bipartisan group of 21 senators is trying to create. It revealed that.

The petrol tax hike was part of an early package that demanded $ 579 billion in new spending on roads, bridges, railroads and public transport. It’s unclear if it will make the final cut, and the White House seems to intend to make sure it doesn’t.

“The president has made it clear through these negotiations,” said Andrew Bates, a White House spokesman. “He is categorically opposed to raising taxes on people under $ 400,000 a year.” “After the very difficult times ordinary Americans endured in 2020: unemployment, reduced income, and budget pressures, he’s not going to allow Congress to raise taxes on the most afflicted people. . “

The federal gas tax is 18.4 cents per gallon and has not increased since 1993. This helps pay for highways and mass transit programs across the country. Congress has traditionally relied on the principle of user payments to pay for road and bridge construction, but more and more relies on general financial resources to accomplish its task. Lawmakers from both parties are wary of offensive ads accusing them of supporting soaring gas prices.

Oregon Senator Ron Wyden, Democratic Chairman of the Senate Finance Committee, said indexing the fuel tax on inflation is not a beginner for him.

“It’s another hit for working people,” Weiden said.

Senator Sherrod Brown of D-Ohio said the gasoline tax hike was “republican.”

“The Democratic Party wants to fund this by imposing a $ 400,000 tax on people,” Brown said.

The White House expects to be contacted by a senator who will create an infrastructure package on Monday. Although it has been reduced from Biden’s proposal, the Democratic Party is preparing to move other parts of Biden’s agenda with another law that can be passed using tools that require only a simple majority for approval. I am.

The bipartisan plan will provide approximately $ 579 billion in new spending, including $ 110 billion for roads and highways, $ 66 billion for passenger and freight railroads, and $ 48 billion for public transport. An additional $ 47 billion will be spent on efforts to combat climate change, and there will be money in electric vehicle charging stations.

Senate leader Chuck Schumer, DN.Y. Said that the infrastructure bill is off to a good start, but most Democrats don’t think it will work well for climate and income growth, and are working on priorities like paid families. Don’t leave. Therefore, they proceed to two tracks that include adjustment packages that go beyond what is on the infrastructure invoice.

Infrastructure petrol tax lowers Biden’s thumb

Source link Infrastructure petrol tax lowers Biden’s thumb

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