Increase in Transportation Fuel Taxes Possible
U.S. Sen. Chris Murphy, D-CT, plans to introduce a bill that would increase federal fuel taxes by 12 cents over the next two years to pay for transportation. Murphy’s proposal calls for a 6-cent increase in 2015 and a 6-cent increase in 2016.
Two-thirds of the more than 2,000 respondents to the AAA survey said taxes on gasoline and diesel were appropriate for funding transportation, and 52% of respondents said they’d be willing to pay more at the pump to improve the system.
Truckers Pay More
The average motorist pays about $95 a year in federal taxes at the pump based on the current gasoline tax of 18.4 cents per gallon. Truckers, on the other hand, spend considerably more. The OOIDA Foundation estimates that an owner-operator who buys 20,000 gallons of fuel a year pays about $4,880 in diesel taxes based on the rate of 24.4 cents per gallon. LandLine Daily eNews.