Infrastructure Work Needed-But A 435 Billion Tax?
Senate Budget Committee Member Jeff Sessions is 'flabbergasted' by a request for an unspecified (as yet) tax proposed by Obama to raise 435 billion dollars for a 62% increase in Department of Transportation spending.
Testimony earlier today by Transportation Secretary Ray LaHood turned into a shouting match between him and Sessions over the tax proposal. LaHood claims the new tax is needed because current gas taxes are not bringing in enough revenue--due in part to increased fuel efficiency vehicles, which the Obama Administration has been pushing for all along. LaHood claims Obama's plan is a jobs bill that will help create employment as well as bring down the defecit.