Sentences with phrase «increased federal gas tax»

Trump's support for an increased federal gas tax could influence the gas tax repeal effort in California.

The U.S. Chamber of Commerce will call for increasing the federal gas tax by 25 cents a gallon over the next five years to help pay for rebuilding U.S. roads and bridges as part of its push for a federal infrastructure initiative this year.

Not exact matches

The trust fund is paid for with receipts from the federal fuel tax, and with gas prices at low levels, an increase in the tax might be part of a more extended program.

The federal gas tax stands at 18.4 cents and has not been increased since 1993.

Signatures are being gathered to repeal last year's gas tax increase, the receipts from which could be used to match federal grants under President Trump's proposed $ 1.5 trillion infrastructure plan (20 % federal, 80 % local match).

Among Freeman's specific recommendations are a «20 percent federal tax credit to electricity and natural gas utilities that gives highest priority to the efficient use of the energy they supply,» and ban on new coal or nuclear plants and retirement of the existing plants within the next 30 years, government - funded demonstration plants for Big Solar and hydrogen, increasing federal fuel economy standards one mile - per - gallon a year over the next 24 years, tax credits for plug - in hybrids or flex - fuel vehicles, and an excess - profits tax on oil to fund the tax credits.

The federal gas tax of 18.4 cents per gallon hasn't increased since 1993 — largely because even suggesting such a thing, most lawmakers believe, is political suicide.

We had the interstate highway bill [the Federal - Aid Highway Act of 1956], and we collected gas tax and spent it to complete the interstate, but as the years went by, there was an increasing desire to do more than just keep building highways.

Albertans in particular have been hit the hardest with commodities, oil and gas stocks collapsing to 2008 financial crisis levels, real estate prices stagnating while the rest of the country tests new all - time highs, and now two impending tax increases thanks to those voting for change in the provincial and federal elections.

Interestingly, beyond this, despite considerable rhetoric about moving beyond debates about carbon - pricing, the report recommends that in order to avoid adding to the Federal debt, it would be necessary to impose new taxes, including increased royalties for oil and gas extraction, a tax on imported oil, a tax on electricity sales, and a «very small carbon price» (presumably from a modest carbon tax or unambitious cap - and - trade system).

[75] The American Chemistry Council determined that a 25 % increase in the supply of ethane (a liquid derived from shale gas) could add over 400,000 jobs across the economy, provide over $ 4.4 billion annually in federal, state, and local tax revenue, and spur $ 16.2 billion in capital investment by the chemical industry.

Although the federal gas tax — 18.4 cents per gallon — hasn't changed since 1993, tax collections are down because today's vehicles go farther on a gallon of gas, cutting tax collections while increasing wear and tear on highways.