The U.S. Chamber of Commerce advocates raising the gasoline tax, an initiative with rare political support from both conservatives and liberals
The U.S. Chamber of Commerce isn’t exactly a hotbed of pro-tax sentiment. So when the chamber advocates for a tax increase, it’s worth sitting up to take notice.
That’s what’s happening now. Chamber President Thomas Donohue told Congress this month that the chamber advocates raising the federal tax on a gallon of gas, which stands at 18.4 cents, by 25 cents over the next five years to produce funds desperately needed to fix the nation’s transportation network, and perhaps kick-start a broader effort to upgrade America’s infrastructure.
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Ohio Joins States Hitting Drivers Where It Hurts: Raising Taxes on GasOhio Gov. Mike DeWine is pushing for an 18-cent-per-gallon increase in the state’s gas tax to plug a $1 billion infrastructure spending hole, but the proposal is running into objections from some state lawmakers.
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2020 candidates pitch big ideas to votersThe Democratic presidential hopefuls are coming out with big ideas as they try and fire up voters with calls to abolish the Electoral College, to go after drug companies over the opioid crisis, and taking President Trump to task over manufacturing jobs. Stephanie Ruhle breaks them all down. Weighing in: Axios Political Reporter Alexi McCammond, New York Times Opinion Columnist Bret Stephens, and Senior Political Strategist Joel Benenson.
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Warren dim on raising gas taxes to pay for infrastructureWhile many in her party back raising the federal gas tax to pay for infrastructure renewal projects, Democratic presidential candidate Sen. Elizabeth Warren said she isn't in favor of the notion because it affects lower and middle class Americans
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The Technology 202: 2020 candidate Klobuchar wants to tax big tech companies' on data useBut experts say that will be difficult.
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Why the Dow Just Gave Back a Big Chunk of Its GainsThe Dow was up nearly 200 points—and then reports that China may be backing away from some of its trade promises hit the wires.
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Taxes From A To Z 2019: E Is For Earned Income Tax Credit (EITC)
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China's property tax will be city-based, with minimum tax-free threshold: senior lawmakerChina will give local governments autonomy to decide on the actual rate of a pro...
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In overwhelmingly bipartisan vote, House calls for Mueller report to be made publicRepublicans joined Democrats to back a resolution calling on the Justice Dept. to release the special counsel’s full report to Congress and the public. It sends a message but cannot force the attorney general’s hand.
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Beto O'Rourke enters 2020 race attempting bipartisan appealAUSTIN, Texas (AP) — Former Texas Democratic Rep. Beto O'Rourke announced Thursday that he's running for president in 2020, pledging to win over voters from both major parties as he tries to...
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