TITLE

House Gas Tax Plan Would Bring $140 Billion to States, Report Says

AUTHOR(S)
Sanchez, Humberto
PUB. DATE
May 2003
SOURCE
Bond Buyer;5/14/2003, Vol. 344 Issue 31635, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
A plan proposed by the U.S. House Transportation and Infrastructure Committee leaders to raise the gas tax to account for inflation would also increase tax receipts by 140 billion dollar, according to a report by the economic forecasting firm Global Insight. The indexing proposal would raise the gas tax to 23.75 cents a gallon in 2004. The proposal is expected to form the core of the committee's plan to reauthorize the expiring six-year surface transportation funding law formally known as the Transportation Equity Act for the 21st Century.
ACCESSION #
9860004

 

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