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Source: Herb Jackson, ROLL CALL, 3/26/19
As Congress debates how to prevent the Highway Trust Fund from becoming insolvent, groups as disparate as the U.S. Chamber of Commerce and the AFL-CIO are urging lawmakers to bite the bullet and raise the gas tax by 25 cents a gallon over five years. But even if they bite it, a nickel increase every year for five years may not be a magic bullet. That’s because the extra money in the early years will be needed just to maintain the current level of spending, and provide nothing to attack a growing backlog of projects.
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