A few months ago I told you about the CEO of General Motors asking the government to raise the gas tax so GM could sell more of their over-sized, glorified gold carts they call the Volt. Well it looks like Mr. Ackerman's wish might come true. As of right now the current gas-tax is set to expire on September 30th, if congress does not act, and well we know how they act in Congress.
Obama, in a statement in the Rose Garden today; stated that if a "clean" transportation bill is not passed by Sept. 30th, there would be 1 million people who would potentially loose their jobs. Many conservatives want the States and not the Federal Government to raise and spend the gas-tax money.
There are two bills in Congress right now on this matter...one in the House and the other in the Senate. The House bill would extend the gas-tax for six years and cost $230 billion which would cut spending from current levels and be paid entirely from current fuel taxes. The Senate bill would only last two years and cost $109 billion.
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