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January 15, 2008
Posted: 05:53 PM ET
FROM CNN's Jack Cafferty: Prices at the pump could be headed higher, but don't blame Big Oil or OPEC this time. A transit panel set up by congress is proposing a huge hike in gasoline taxes - by as much as forty cents a gallon over five years. The money would be used to repair aging roadways and bridges and ease congestion on highways. The National Surface Transportation Policy And Revenue Study Commission suggests raising the current tax of about 18 cents a gallon for unleaded gas about 5 to 8 cents a year, for 5 years. The tax would then be adjusted for inflation. The panel was set-up following that bridge collapse in Minneapolis to give recommendations on how to fix U.S. roads, ports and mass transit systems. It is estimated the cost of doing all this work would be $225 billion a year for the next fifty years... Which means we'll probably do the same thing we've been doing for the last 50 years when it comes to maintaining our infrastructure... Mostly nothing. So here's the question: Should the gasoline tax be raised by 40 cents a gallon over five years to pay for improvements and repairs to the nation's infrastructure? Here’s my question to you: Should the gasoline tax be raised by 40 cents a gallon over five years to pay for improvements and repairs to the nation's infrastructure? Interested to know which ones made it on air?
Kevin writes: Barbi writes: J.C. from New York writes: Mike from Martinez, California writes: Alex writes: David writes: Filed under: Tax Hike |
Jack Cafferty sounds off hourly on the Situation Room on the stories crossing his radar. Now, you can check in with Jack online to see what he's thinking and weigh in with your own comments online and on TV. Send your comments on the "Cafferty File". Jack's Book
Read excerpts about Jack's battle with alcoholism and Jack's philosophy on parenting. CNN=Politics Screensaver
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