McFadden says he could support gas tax increase, then quickly reverses
Posted in the Minneapolis Forum
#1 Aug 19, 2014
Republican U.S. Senate candidate Mike McFadden declared, then quickly walked back, his potential support for a gas tax increase on Wednesday before aides whisked him away from questions about funding federal transportation projects.
McFadden said that,“yeah,” he could support raising the gas tax in order to bolster the federal highway trust fund as part of a revenue-neutral tax code overhaul. But not five minutes later, he revised and extended:“I just want to reiterate that I will not support raising the gas tax.”
Update: McFadden called this evening and said he “made a mistake” when he said he could support a gas tax increase, calling it a “band-aid” that “isn’t a long-term solution.”
McFadden said it would be unfair to raise taxes on drivers and that anyway the gas tax funding stream is likely to continue dwindling as a source of revenue as vehicles become more fuel-efficient (a claim backed by transportation funding advocates). Rather, McFadden said lawmakers should find potential spending cuts in the federal budget and use the savings to boost highway funding, in conjunction with an overhaul of the federal tax code.
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