Senate Minority Leader Chuck Schumer, D-N.Y., said he opposes increasing the gas tax as a means to raise revenue to fund a new infrastructure bill.
“The bottom line is that we don’t want to raise taxes on working people right now,” Schumer told the Daily Beast. “As it stands now that is where we are at. Income distribution is so bad, I would rather pay for infrastructure by taking the money that comes from overseas [repatriation] and putting it into infrastructure.”
President Trump’s chief economic adviser Gary Cohn indicated last month the White House is open to the idea of raising the gas tax, which sits at 18.4 cents per gallon and has not been raised since 1993.
Trump had promised during his campaign for a $1 trillion plan to overhaul the nation’s roads and bridges utilizing public-private partnerships to help offset the costs.
Trump said he would release his proposal for a new infrastructure package once Congress wraps up tax reform.
“We’ll be submitting plans on infrastructure … soon after taxes,” Trump said Monday.