One fiscal cliff fix: Raise the gas tax
November 28th, 2012
10:19 AM ET
1 year ago

One fiscal cliff fix: Raise the gas tax

New York (CNNMoney) - As lawmakers race to negotiate a deal to avoid the fiscal cliff, some experts say one tax increase should be on the table: a gas tax hike.

Currently at 18.4 cents a gallon, the federal gas tax is used primarily to build and repair roads, bridges and other transportation infrastructure. The tax raises about $32 billion a year.

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Filed under: 2012 • Fiscal Cliff • gas prices
soundoff (10 Responses)
  1. Thomas

    One word " Tesla "!

    Yes we can !

    November 28, 2012 10:27 am at 10:27 am |
  2. Dutch/Bad Newz, VA

    With gas already over $3, I think this is a bad idea. But, everything should be on the table. I think the country should expect to be paying in excess of $3 for a gallon of gas for the foreseeable future. But with new fuel efficiency standards and the rise of electric vehicles, it should balance out. This is what has to be done to break our depedence on oil. How quickly have you forgotten America that we have an oil addiction?

    November 28, 2012 10:37 am at 10:37 am |
  3. Lynda/Minnesota

    "The burden would fall on the great middle class, not on the millionaires and billionaires," said Ken Orski, publisher of the infrastructure industry publication Innovation NewsBriefs, who himself supports an increase in tolls as a way to cover the funding shortfall. "That's why the White House is staunchly opposed to such an increase, and why there's virtually zero support in Congress."

    Woe be on to ANY Congress Member who would actually sign their name to such a career ending ... endeavor.

    November 28, 2012 10:46 am at 10:46 am |
  4. rs

    Dutch/Bad Newz, VA-
    American gasoline is very underpriced. a conservative federal gas tax would be at least 25 cents, and more realistically 50 cents per gallon. It is the only way to fund our highways and bridges and get a start start on even a decent national mass transportation system.
    Sure we seem to have endless funds to build airports, roads, highways and schools abroad- but that probably ought to stop as well. Meanwhile if we want our own country fixed, we'll need to pay for it ourselves.

    November 28, 2012 10:49 am at 10:49 am |
  5. Mason

    Raise it by .50 as far as I'm concerned if it would go to debt reduction but you know it would never happen. They are right that all it would do is hurt the poor in the long run. At over $85 barrel for oil which is over inflated. I know a lot of people in that business that are just stacking up money as one of the few bright spots now. If we had sensible energy policy it would lower prices, help the economy and the less fortunate but the powers to be seem to want oil high. Seems humorous that liberals hate most is the oil/gas industry and they are helping enrich them by the constant desire to stifle fossil fuels.

    November 28, 2012 10:51 am at 10:51 am |
  6. Gurgyl

    GOP main motive is to hurt middle class America. Idiots. Learn and drive these miscreants away.

    November 28, 2012 11:06 am at 11:06 am |
  7. Rick McDaniel

    Guess they want to lose even more jobs, when people can't get to work, because they can't buy gas.

    November 28, 2012 11:13 am at 11:13 am |
  8. cali girl

    My bet is none of these lawmakers buy their gas in California.

    November 28, 2012 11:34 am at 11:34 am |
  9. Larry

    I don't see them raising the gas tax and doubt seriously anything will be accomplished to better our country in regard to the fiscal cliff. We have seen what Obama, Reid, and Boehner can do together and I don't know anyone that is impressed. Each one of them is more worried about politics than policies / solutions that could help us.

    November 28, 2012 11:36 am at 11:36 am |
  10. Tommy G

    Sure raise the gas tax. Taxing our way to properity always works right? All the city people (aka Obama supporters) get subsidized mass transit. All the people that need to drive to their jobs foot the bill. A fill up is already approaching $100/tank. I guess they really want to tank the economy because nothing sucks money out of the economy faster than high gas prices.

    November 28, 2012 11:38 am at 11:38 am |