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Chamber of Commerce pushes gas tax to pay for infrastructure

Chamber of Commerce
Image: Bill Clark / Getty Images

The U.S. Chamber of Commerce is lobbying President Trump and Congress to raise the federal gas tax by 25 cents to help fund an infrastructure bill, reports the Washington Post. It plans to unveil the proposal later this week along with several other infrastructure measures.

Why it matters: The tax currently lies at 18.4 cents per gallon for gasoline and 24.4 cents per gallon for diesel fuel, and hasn't been raised since 1993. An increase of 25 cents would yield more than $375 billion over the next decade, the CoC claims.