(Washington, D.C.) – According to press reports, the president has expressed a willingness to support a 25 cent per gallon tax increase on gasoline as part of a package to expand infrastructure spending.
Daniel Garza, President of The LIBRE Initiative, released the following statement:
“Little more than a month ago, Congress and the president came together on a plan to reduce the heavy tax burden on American families. This tax cut recognizes that Hispanic families and others have earned a break from high taxes, and that reducing tax rates would help promote economic opportunity and grow wages.
The gas tax hits low-income Americans harder than any other. It hurts family budgets and stifles economic opportunity. It is precisely the wrong approach. If policymakers determine that it is time to increase spending on infrastructure or other priorities, there are many ways to eliminate wasteful spending elsewhere, and ensure taxpayer dollars go further.
Lawmakers should reject any proposed gas tax increase.”