Congress Should Not Raise Gas Tax To Pay For Infrastructure Spending - Pelosi
Fahad Shabbir (@FahadShabbir) Published June 18, 2021 | 12:30 AM
WASHINGTON (UrduPoint News / Sputnik - 18th June, 2021) Congress should not consider raising the Federal tax on gas, or petroleum for cars to pay for the proposed up to $1.7 trillion infrastructure spending bill, House Speaker Nancy Pelosi said on Thursday.
"I would not be for that," Pelosi told a Capitol Hill news conference. "I don't think America' s working families should be footing the bill for roads and bridges that America's wealthiest people and businesses are using and not paying for."
A bipartisan group of senators has proposed raising the gasoline tax to fund the Biden administration's ambitious infrastructure plans.
Green and environmental activists favor the move as forcing a transition to more fuel efficient cars, especially those at least partially run on electric power.
However, the proposal is also seen as disproportionately hurting working class families who will be least able to afford the costs and because it would further boost inflationary pressures across the US economy.
Related Topics
Recent Stories
Tennis: ATP Barcelona Open results - 1st update
Swiatek's perfect 10 in Stuttgart as Vondrousova stuns Sabalenka
Arandu's roads closed due to flooding
Oil tanker catches fire in Islamabad’s Blue Area
Pakistan committed to ensure safety of foreign nationals: FO
Tennis: WTA Stuttgart results - 1st update
Four passengers injured as train hit an empty vehicle
Over- speeding bus crushed to death two bike riders
Turkey's Freedom Flotilla ready to set sail for Gaza
French teen dies from heart failure after knife attack near school
Iranians appear unfazed by Isfahan blasts
UAF celebrates Int'l Chinese Language Day
More Stories From Business
-
Pakistan aims to agree outline of new IMF loan in May - Finance Minister
4 hours ago -
FTO commends FBR's role for prompt resolution of tax payers’ issues
4 hours ago -
BISP embraces E-procurement: launches inaugural tender
6 hours ago -
Business community indebted to Ahsan Zafar for his unprecedented services: Yousuf Rajput
6 hours ago -
China auto sector steps up Europe push with Spain plant
6 hours ago -
Condolence reference held in memory of FBR's officials
7 hours ago
-
Health activists ring alarm bells over 10-stick cigarette pack
7 hours ago -
Karachi receives maiden direct flight of Azerbaijan Airlines from Baku
7 hours ago -
PSX turns bullish, gains 619 points
8 hours ago -
Rupee bounces back; gains 13 paisa against dollar
7 hours ago -
Partners join hands for alternate use of marble, granite slury
7 hours ago -
Tokyo's Nikkei index tumbles 3% in morning trade
10 hours ago