{"id":118936,"date":"2021-03-30T00:13:39","date_gmt":"2021-03-30T00:13:39","guid":{"rendered":"https:\/\/precoinnews.com\/?p=118936"},"modified":"2021-03-30T00:13:39","modified_gmt":"2021-03-30T00:13:39","slug":"bidens-infrastructure-plan-will-avoid-hiking-gasoline-tax-vehicle-miles-fee-cabinet-official","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/bidens-infrastructure-plan-will-avoid-hiking-gasoline-tax-vehicle-miles-fee-cabinet-official\/","title":{"rendered":"Biden's infrastructure plan will avoid hiking gasoline tax, vehicle miles fee: Cabinet official"},"content":{"rendered":"

WASHINGTON (Reuters) – U.S. Transportation Secretary Pete Buttigieg said on Monday the White House will not propose hiking gasoline taxes or a new vehicle miles traveled (VMT) fee to pay for a proposal to massively boost infrastructure spending.<\/p>

FILE PHOTO: Pete Buttigieg, U.S. secretary of transportation nominee for U.S. President Joe Biden, listens during a Senate Commerce, Science and Transportation Committee confirmation hearing in Washington, DC, U.S., January 21, 2021. Stefani Reynolds\/Pool via REUTERS\/File Photo<\/figcaption>

Buttigieg told CNN a vehicle miles traveled fee is \u201cnot part of the conversation about this infrastructure bill.\u201d Buttigieg has previously spoken about the idea of a VMT but has acknowledged it faces challenges regarding privacy and technology.<\/p>\n

He also told CNN a gas tax hike is not under consideration.<\/p>\n

\u201cI want to reiterate the president\u2019s central commitment here. If you\u2019re making less than $400,000 a year, this proposal will not involve a tax increase for you,\u201d he said.<\/p>\n

Earlier, the White House said President Joe Biden will outline on Wednesday how he would pay for his $3 trillion to $4 trillion plan to tackle America\u2019s infrastructure needs, a proposal likely to include tax increases first laid out on the campaign trail.<\/p>\n

Congress has not boosted the 18.4-cents-per-gallon federal gasoline tax since 1993.<\/p>\n

The federal government has abandoned a decades-old policy of largely using fuel tax revenue to fund infrastructure repairs.<\/p>\n

Since 2008, Congress has transferred $154 billion to the Highway Trust Fund, including $13.6 billion in the current budget year. Congress failed again last year to approve a multi-year surface transportation bill and instead passed a one-year extension that expires on Sept. 30.<\/p>\n

Some lawmakers think a VMT makes sense in order to collect road repair funds from electric vehicles that currently do not pay federal gas taxes.<\/p>\n

U.S. Representative Peter DeFazio, chairman of the House Transportation and Infrastructure Committee, told Reuters in a recent interview that adopting a vehicle miles-traveled fee to pay for infrastructure before the Sept. 30 highway funding deadline is not realistic.<\/p>\n

\u201cThe president has a plan to fix the infrastructure of our country … and he has a plan to pay for it,\u201d White House spokeswoman Jen Psaki told reporters on Monday.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

WASHINGTON (Reuters) – U.S. Transportation Secretary Pete<\/p>\n","protected":false},"author":3,"featured_media":118935,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"\nBiden's infrastructure plan will avoid hiking gasoline tax, vehicle miles fee: Cabinet official - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/markets\/bidens-infrastructure-plan-will-avoid-hiking-gasoline-tax-vehicle-miles-fee-cabinet-official\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Biden's infrastructure plan will avoid hiking gasoline tax, vehicle miles fee: Cabinet official - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"WASHINGTON (Reuters) – U.S. Transportation Secretary Pete\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/markets\/bidens-infrastructure-plan-will-avoid-hiking-gasoline-tax-vehicle-miles-fee-cabinet-official\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-30T00:13:39+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/03\/cnewsfotor881.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/markets\/bidens-infrastructure-plan-will-avoid-hiking-gasoline-tax-vehicle-miles-fee-cabinet-official\/\",\"url\":\"https:\/\/precoinnews.com\/markets\/bidens-infrastructure-plan-will-avoid-hiking-gasoline-tax-vehicle-miles-fee-cabinet-official\/\",\"name\":\"Biden's infrastructure plan will avoid hiking gasoline tax, vehicle miles fee: Cabinet official - 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