|US Chamber of Commerce Demands Higher Gas Prices|
|by Tom McGregor||Wed, Aug 13, 2014, 10:39 PM|
Chairman Thomas J. Donohue of the United States Chamber of Commerce contends that the best method to boost economic recovery would be to charge higher gas taxes on American drivers.
he U.S. Chamber of Commerce reports that, "Reauthorization of MAP-21, the surface transportation spending bill that expires in September, promises to be a contentious fight, but it doesn’t have to be. There is broad consensus on a number of fundamental principles. The stakeholders in this debate agree that our infrastructure system is a critical national asset that drives growth, jobs, safety, mobility, trade, and enhanced global competitiveness; that we’re running out of money to fund this system; that the federal government must take a leading role in making sure our infrastructure system contributes to a strong economy; and that we need a predictable, stable, and growing source of revenue for today, an intermediate funding solution for tomorrow, and, in the long run, a new system."
Donohue supports higher taxes and regulations on American businesses. He's also a big fan of ObamaCare.
According to the U.S. Chamber of Commerce, "When you look at the big picture, the simplest, most straight-forward, and most effective way to generate enough revenue is by increasing federal gasoline and diesel taxes. The gas tax hasn’t been increased since 1993. Cars are more fuel efficient, people are driving less, and inflation has eaten into purchasing power. As a result, the Highway Trust Fund is going bankrupt. We are already borrowing billions of dollars from the general fund. Next year there will be a $13 billion cash shortfall. By 2020, it will be $100 billion. A moderate increase in the gas tax phased in over time would provide the necessary funding, preserve the important “user pays” principle, and provide needed stability."
Donuhue insists that he has a mission to educate Americans to support higher taxes.
To read the entire article from the U.S. Chamber of Commerce, link here:
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