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.