Agriculture, Truckers Seek Gas Tax Increase for Infrastructure

April 1, 2020, 5:37 PM

U.S. agriculture and trucking groups are asking Congress to raise the federal gas tax in an upcoming recovery package to cover needed upgrades to infrastructure.

  • American Farm Bureau Federation, American Trucking Associations urge for tax increase to pay for infrastructure upgrades in a letter to Senate Finance Cmte Chairman Chuck Grassley, House Ways and Means Cmte Chairman Richard Neal and the minority leaders of the two panels
  • Policy could be implemented “without adding a dime to a federal deficit that has exploded in recent weeks,” Farm Bureau President Zippy Duvall and ATA President Chris Spear tell panels in letter
  • Groups say the 18.4 cents federal gas tax that supports the Highway Trust Fund hasn’t been raised since 1993 but coronavirus crisis presents the right time to raise it.
  • “Gas is selling at historically low prices,” they say. “Compared to one year ago, Americans are paying about 60 cents per gallon less today for fuel”
  • NOTE: Group sends letter to Capitol Hill after House Speaker Nancy Pelosi says she is working on fourth recovery package with a focus on infrastructure

To contact the reporter on this story:
Nancy Ognanovich in Washington at nognanovich2@bloomberg.net

To contact the editors responsible for this story:
Kasia Klimasinska at kklimasinska@bloomberg.net

Ben Livesey

© 2020 Bloomberg L.P. All rights reserved. Used with permission.

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