Giving themselves a name that only a comic book series could invent, “The Problem-Solvers Caucus,” a gang of 58 Washington politicians issued a report that suggests raising gas taxes so the workers of Slavelandia could help pay the $2.3-trillion cost of President Biden’s infrastructure proposal.
The federal gas tax has been fixed at 18.4 cents per gallon of gasoline and 24.4 cents per gallon of diesel since 1993, unchanged in 28 years.
The group suggests tying gas and diesel tax rates to the rate of inflation, highway construction spending, fuel-economy standards, or some combination of those factors.
A tax on miles driven would capture taxes from all-electric vehicles, the group noted.
Biden has proposed to finance his plan by raising corporate taxes from 21 to 28 percent, an idea that has drawn firm opposition from Republicans in Congress.
TREND FORECAST: We note this new tax proposal because this will be the future of America and most of the world. The politicians who destroyed the global economy will continue to raise taxes to make up for the lost revenue streams that have dried up as a result of their lockdowns, which have destroyed millions of lives and livelihoods.
As we have forecast, there will be strong anti-tax, anti-vax, anti-establishment, and anti-immigration political movements that will spring up across western nations that will challenge ruling parties.
