'Gang of Six' hammers away at debt deal

'Gang of Six' hammers away at debt deal

There are 2 comments on the Market Watch story from May 4, 2011, titled 'Gang of Six' hammers away at debt deal. In it, Market Watch reports that:

Members of the bipartisan "Gang of Six" met again Tuesday morning to work on a debt-cutting deal as lawmakers settled in after a spring recess and braced for a showdown over the country's borrowing limit.

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ObamaThePutz

Fort Huachuca, AZ

#1 May 5, 2011
Obama floats plan to tax cars by the mile
By Pete Kasperowicz - 05/05/11 07:45 AM ET

The Obama administration has floated a transportation authorization bill that would require the study and implementation of a plan to tax automobile drivers based on how many miles they drive.

The plan is a part of the administration's "Transportation Opportunities Act," an undated draft of which was obtained this week by Transportation Weekly.

This follows a March Congressional Budget Office report that supported the idea of taxing drivers based on miles driven.
Among other things, CBO suggested that a vehicle miles traveled (VMT) tax could be tracked by installing electronic equipment on each car to determine how many miles were driven; payment could take place electronically at filling stations.

The CBO report was requested by Senate Budget Committee Chairman Kent Conrad (D-ND), who has proposed taxing cars by the mile as a way to increase federal highway revenues.

Obama's proposal seems to follow up on that idea in section 2218 of the draft bill. That section would create, within the Federal Highway Administration, a Surface Transportation Revenue Alternatives Office. It would be tasked with creating a "study framework that defines the functionality of a mileage-based user fee system and other systems."

http://thehill.com/blogs/floor-action/house/1...
Top Dog

Frisco, TX

#2 May 5, 2011
Go go go

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