WASHINGTON, D.C. — A US panel charged with finding ways to improve infrastructure is expected to recommend hiking fuel taxes south of the border by as much as 40 cents per gallon, according to a report by Bloomberg.
The fuel tax hike would be the first since 1993 and would be phased in over five years, according to the report. After the five year phase-in, further increases would be linked to inflation, sources told Bloomberg.
The report also suggests individual states also increase fuel taxes by an equal, or greater, amount over the same time period. The proposals are expected to be put forth by the National Surface Transportation Policy and Revenue Study Commission. The recommendations will be presented Jan. 15 in Washington.
The American Trucking Associations has, in recent years, begun touting fuel tax increases as a viable solution for funding highways. The association prefers fuel tax hikes over other options, such as tolling existing infrastructure.
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