Monday, July 21, 2008

FOXNews.com - Lawmakers Could Consider Gas Tax Hike, After Gas Tax Holiday Fails

As if fuel prices aren't high enough. Our Congress Critters are getting in line to shaft us even more.

WASHINGTON — The political vision of a summer gas tax holiday died a quick death in Congress, losing to a view that federal excise taxes on gasoline and diesel fuel will have to go up if they go anywhere.

Despite calls from the presidential campaign trail for a Memorial Day-to-Labor Day tax freeze, lawmakers quickly concluded — with a prod from the construction industry — that having $9 billion less to spend on highways could create a pre-election specter of thousands of lost jobs.

Now, lawmakers quietly are talking about raising fuel taxes by a dime from the current 18.4 cents a gallon on gasoline and 24.3 cents on diesel fuel.

The Rest of the Story

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