Politics Biden won't accept infrastructure plans that include gas tax index or electric vehicle mileage tax
Daily on Energy: Liz Cheney defends Trump overhaul of environmental reviews
Subscribe today to the Washington Examiner magazine and get Washington Briefing: politics and policy stories that will keep you up to date with what's going on in Washington. SUBSCRIBE NOW: Just $1.00 an issue! © Provided by Washington Examiner DOE Header 2020 FIRST IN DAILY ON ENERGY...CHENEY’S NEPA BILL: GOP Rep. Liz Cheney of Wyoming is introducing legislation today to preserve the Trump administration’s reforms of the National Environmental Policy Act, or NEPA.
President Joe Biden won't accept any infrastructure plans that would index the gas tax, including the proposals floated Thursday by Utah Republican Sen. Mitt Romney and Delaware Democratic Sen. Tom Carper.
A source familiar with the negotiations told the Washington Examiner Thursday evening that the president was explicit in his communications with lawmakers that he would not sign any bill that calls for indexing the gas tax or instituting a mileage tax for electric vehicles.
Biden promised on the campaign trail not to raise taxes on Americans earning less than $400,000 a year. The president has maintained that promise throughout the infrastructure negotiations and still views both proposed user fee hikes as major red lines for violating that pledge, the source added.
Gas tax pitch sits uneasily next to GOP's new working-class appeal
President Joe Biden wants to pay for a new infrastructure plan by taxing corporations, but Republicans would prefer to use gasoline tax revenues — a stance that some say sits uneasily with their pitch as a working-class party. © Provided by Washington Examiner Biden’s original proposal was to raise the corporate tax rate from 21% to 28%, but Republicans have said that is a nonstarter. GOP lawmakers have instead floated indexing the federal gas tax to inflation, which would raise it over time. Sen.
Romney and a bipartisan group of nine other senators — including Louisiana Republican Bill Cassidy, Maine Republican Susan Collins, Alaska Republican Lisa Murkowski, Ohio Republican Rob Portman, Hew Hampshire Democrat Jeanne Shaheen, Arizona Democrat Kyrsten Sinema, Montana Democrat Jon Tester, and Virginia Democrat Mark Warner — announced they had agreed on a framework for their infrastructure package on Thursday afternoon.
The group claimed that their "investment would be fully paid for and not include tax increases," yet Romney told reporters earlier in the day the plan "does propose that we index the gas tax to inflation."
The current federal gas tax has not been changed since the Clinton administration and currently sits at 18.4 cents for unleaded and 24.4 cents for diesel.
Majority of $4.4 million cryptocurrency ransom payment in Colonial Pipeline hack recovered
Deputy Attorney General Lisa Monaco said the FBI was able to "turn the tables" on the group known as the "Darkside," believed to be based in Russia. At a Justice Department briefing, FBI Deputy Director Paul Abbate said investigators were able to trace the payment to a "virtual currency wallet," and then seized more than $2 million in cryptocurrency funds.Start the day smarter. Get all the news you need in your inbox each morning. Although it is unlikely that the hackers would ever face charges in the U.S., Monaco and Abbate said the U.S.
"There is a general agreement, but it's not locked in concrete at this stage," Romney added. "We're talking to individuals one by one, and so far, the folks who said they're open to what we're doing."
Carper, a close Biden ally, tweeted Thursday afternoon that "things worth having are worth paying for."
"As I’ve said for the last two Congresses, at a minimum we should index the gas tax to inflation to help fund investments in climate-resilient infrastructure," he wrote.
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Daily on Energy: Climate measures in question as Biden seeks coalition for infrastructure .
Subscribe today to the Washington Examiner magazine and get Washington Briefing: politics and policy stories that will keep you up to date with what's going on in Washington. SUBSCRIBE NOW: Just $1.00 an issue! © Provided by Washington Examiner DOE Header 2020 THE SCENARIO: The Biden administration and Democrats are shifting gears on infrastructure to start the reconciliation process, but success of a single-party approach is not guaranteed as the White House and Congress debate what climate components make it into a bill. The White House has not abandoned bipartisan talks.