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Trump says he's willing to consider raising gas tax (ARTICLE & VIDEO)

Trump says he's willing to consider raising gas tax (ARTICLE & VIDEO)

FoxNews.com
Published May 01, 2017, Associated Press

President Donald Trump on Monday said he will explore the possibility of higher gasoline and diesel fuel taxes, suggesting an increase could pay for his ambitious infrastructure plan.

"It's something that I would certainly consider," Trump told Bloomberg News in an intervie

The president indicated that the additional money would be directed toward highway construction and repair. That's been a problem area because fuel taxes have been unchanged since 1993 and created financial challenges for preserving the Highway Trust Fund.

The federal government currently finances its trust fund with an 18.4 cents per gallon tax on gasoline and a 24.4 cents per gallon tax on diesel fuel, neither of which are adjusted for inflation so the revenues raised has effectively fallen over time... FULL ARTICLE & WATCH VIDEO

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