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Cold water thrown on gas tax increase

Published 02/22/2018, 03:48 AM
© Reuters.  Cold water thrown on gas tax increase
UGA
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  • President Trump's Council of Economic Advisers has warned that taxing gasoline to pay for infrastructure improvements is an "imperfect" system.
  • "The gas tax's current design isn't really a 21st century design - that the gas tax was set at levels that were needed to fund highways back in the days when fuel economy was really low and we didn't have electric cars," said Kevin Hassett, the council's chairman.
  • Previously: Trump said to endorse $0.25/gallon gasoline tax hike (Feb. 14 2018)
  • ETFs: UGA
  • Now read: Gasoline Remains Strong Like A Bull - Get Ready To Pay At The Pump This Summer


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