U.S. News » Republican-sponsored legislation has been drafted that would tap part of North Dakota’s big oil tax piggy bank to provide low-interest loans for communities facing large and expensive infrastructure projects. It’s the first time Republicans, who control both chambers of the Legislature, have seriously eyed the principal of the Legacy Fund approved by voters eight years ago.
Wall Street Journal » The country’s biggest trucking group thinks it has a way to convince Republicans to raise the gasoline tax: Don’t call it a tax. The American Trucking Associations, reviving an argument in Washington that’s older than some roads, is pressing lawmakers and the White House to gradually increase fuel levies in steps by 20 cents a gallon to raise $340 billion over 10 years for infrastructure spending.
CNBC » U.S. Commerce Secretary Wilbur Ross on Thursday confirmed that President Donald Trump is open to raising federal fuel taxes, saying it’s logical to charge drivers for road improvements. Three years ago, Ross denounced calls to raise the gas tax, saying it would hurt the middle class. The idea has divided Republicans, many of whom worry that raising the federal fuel levy will offset the benefit of recently passed GOP tax cuts.