Lower Prices at the Pump Spark Talk of Gas Tax Hike

TWL_2015_jan_blog5Low gas prices nationwide have rekindled conversation in Congress about increasing the federal gas tax. The current tax of 18.4 cents per gallon has remained the same for two decades. With average gas prices nationwide sitting comfortably at $2.20 per gallon according to AAA’s Daily Fuel Gauge Report, a group of Republicans in the Senate are backing a proposal that would increase the tax by 12 cents over the next two years. The increase would go to pay for transportation infrastructure projects, which are currently underfunded due to a tax shortfall caused by more fuel-efficient vehicles and lower tax prices.

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