Trump wants to raise gas price taxes to pay for his plans. He endorsed a 25-cent hike to the gas tax in a meeting with lawmakers — that's five cents a year for the next five years. This could bring in $375 billion in the next decade. According to the U.S. Chamber of Commerce President and CEO, that revenue could rebuild and modernize roads, bridges and transit systems.
The current 18.4 cent tax on gas hasn’t increased since 1993. The hike would cost the average motorist $9 a month. While some members of congress are ok with it, many say congress might not approve the hike — as some conservative groups are unhappy with the idea. 30 groups signed a letter together to lawmakers saying that raising the federal gas tax will be a major burden on families and businesses.
Their letter to congress stated, “Rather than seeking to increase prices at the pump in the form of a tax hike, lawmakers should first reform the way existing transportation dollars are spent.”
Trump plans to invest $200 billion in federal funds to back $1.5 trillion in infrastructure improvements. Our roads, bridges and train tracks are definitely due for an infrastructure update — it just doesn’t seem that the country can agree on where to get the money to fix them.