President Trump met with a group of bipartisan members of Congress at the White House on Wednesday to push his administration's pricey infrastructure plan. The country is looking to integrate the "reciprocal tax" both for its US allied countries and countries outside the coalition as well. The budget blueprint, likely only an aspiration in an election year, notes the "significant need for investment in rural infrastructure", but looks to free up money from elsewhere in the federal budget to pay for infrastructure improvements.
The federal gas tax has not been increased since 1993 and now sits at 18.4 cents per gallon for unleaded and 24.4 cents for diesel.
The federal gas tax has not been increased since 1993, when it was bumped to 18.4 cents per gallon of unleaded fuel.
"The reforms set forth in my plan will strengthen the economy, make our country more competitive, reduce the costs of goods and services for American families and enable Americans to build their lives on top of the best infrastructure in the world", Mr. Trump said.
Critics have said Trump's privatization of public assets could lead to increased use of tolls and other mechanisms that will allow private companies to generate profits in exchange for financing projects. "It does get us away from trillion-dollar deficits". "While I have consistently offered solutions to the fiscal challenges facing our federal highway program, I am open to alternative proposals and applaud the administration for envisioning a new way to leverage many of our existing resources to spur further state infrastructure investment".
It also includes $200 billion for rebuilding the nation's infrastructure, and an outlay of $23 billion for border security - most of it for the building of a wall on the border with Mexico to stop illegal immigration. "It's insane", Trump said.
Under the administration's plan, environmental review would take no more than 21 months.
The White House made no mention of Trump's support of a gas tax hike in the readout of the infrastructure meeting that was released Wednesday afternoon.