I found a news report from The Dallas Morning News that explains more about the federal commission’s plans to raise the gas tax by 40 cents over the next 5 years.
The proposal for a 40-cent increase over five years touched off a stormy debate in Washington that is expected to last until at least 2009, when legislation governing scores of transportation programs expires and must be rewritten……
The panel wants Congress to raise the federal gas tax – currently at 18.4 cents a gallon – by 5 to 8 cents a year for five years, and then allow the rate to grow with inflation after that. By then, drivers would be paying $6 extra for every 15-gallon tank. The panel also wants state gas taxes increased.
So there’s the scoop kids, now who needs a ride?