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Senators propose 12 cent gas tax increase plan
Senators Chris Murphy and Bob Corker unveiled a bipart institute to raise federal gas and diesel taxes by 12 cents over two years and index them to inflation. The plan would offset the increase by extending six expired tax breaks, aiming to fund the Highway Trust Fund facing insolvency by late summer amid flat fuel revenues and aging infrastructure.
MENTIONED IN THIS ARTICLE
Washington
Congress
Chris Murphy
D-Conn
Bob Corker
R-Tenn
Federal Highway Trust Fund
Murphy
General Treasury
Highway Trust Fund
Corker