YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Report: Trump endorses 25-cent gas tax hike

Posted online

President Donald Trump reportedly has endorsed a plan to hike the federal gas tax by 25 cents to pay for infrastructure improvements.

Currently, the tax is 18.4 cents per gallon on retail gas and 24.4 cents per gallon on diesel.

A report from Strategas Research indicated the increased tax would eliminate 60 percent of the benefit from recent tax breaks for some individuals.

Read more from CNBC.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Open for Business: Moseley’s Discount Office Products

Moseley’s Discount Office Products was purchased; Side Chick opened in Branson; and the Springfield franchise store of NoBaked Cookie Dough changed ownership.

Most Read
Update cookies preferences