Trump Considers Raising Gas Tax

"We can have more roads at lower prices if Congress repeals destructive laws and rules it itself established for sordid reasons". "But absent offsetting tax increases, it would be a fiscal disaster".

Trump's tax plan, released last week, did not mention the gas tax, which is 18.4 cents a gallon on gasoline and 24.4 cents a gallon for diesel. Gov. Scott Walker has resisted increasing the gas tax, instead relying on borrowing and using general tax revenue to shore up the transportation fund.

"Everything is a starting point", the president said.

According to the American Society of Civil Engineers' 2017 Infrastructure Report Card, which is published every four years, U.S. infrastructure gets a D+ grade. "That is certainly a hard thing to do, " Shuster said at the time.

Human-rights advocates and foreign policy experts lashed out at Mr. Trump's suggestion, which came as Seoul said a U.S. missile shield deployed in South Korea against China's objections is now technically ready for operations, and as the U.S. Embassy in Seoul confirmed that CIA Director Mike Pompeo visited South Korea on Monday.

US President Donald Trump light-on-details tax plan has not convinced economists of its validity.

As more phony claims and higher costs emerge, the already tough task of reforming the tax system becomes even more hard.

New Jersey is one of six high-tax (and mostly Democrat-leaning) states where residents would be particularly hurt by the elimination of the deduction for state and local taxes.

The Trump tax proposal was silent on a gas tax hike. That's fourth among states, behind CT ($22,785), NY ($19,782) and MA ($18,997), he said.

The timing of the administration's infrastructure plan is unclear.

Under Trump's plan, the seven existing individual income tax brackets would be reduced to three brackets with new rates that are dependent on a person's income level: 10 percent, 25 percent and 35 percent.

Congressional leaders predict that an infrastructure package will be released sometime this summer.

"I'd like them to be permanent", Trump said.

The Trump tax plan is estimated to cost $3-$7 trillion over the next decade, with the 51% of the benefits going to top 1% of earners. She previously has touted public-private partnerships and repatriation, or taxes on returned profits from overseas, as well as streamlining regulations and permitting to accelerate projects.

A tax plan from House Republicans that was endorsed by Paul Ryan the House Speaker would raise close to $1 trillion through imposing new tariffs on imports that have been frequently call border-adjustment taxes. The White House officials' plan to drop the tax rate to 15% on corporations and pass-through businesses would blow a hole in the deficit that it would be hard to make up for with growth.