Gas tax hike still a mistake

Published January 6, 2015 10:00am ET



Calls for a federal gas tax hike are rising in the wake of historically low gas prices and a May 2015 deadline to fix funding for the Highway Trust Fund. Without reform, the Highway Trust Fund, which relies heavily on the federal gas tax, will become insolvent, forcing the Department of Transportation to cut funding for state infrastructure projects.

One of the few proposals to solve the Highway Trust Fund’s long-term funding problem comes from Sen. Bob Corker, R-Tenn., and Sen. Chris Murphy, D-Conn. During last year’s Highway Trust Fund debate, Corker and Murphy proposed a 12 cents per gallon increase in the gas tax spread out over two years, then linking the tax to inflation. In order to make the tax hike more acceptable for Republicans, the proposal made some temporary tax breaks permanent so that the legislation would technically be revenue-neutral.

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.