A new infrastructure plan being pushed by Sen. Mitt Romney (R-UT) and a bipartisan group of senators would not increase corporate taxes at all. Instead, it would raise taxes on every American who buys gasoline — running afoul of the president’s promise not to raise taxes on working families.
The group of 10 senators said Thursday they had agreed on a blueprint for $579 billion in new spending on transportation and broadband infrastructure. It would reportedly not include any immediate tax increases but would index the gas tax to inflation, meaning consumers would likely pay more each year.
Senators Bill Cassidy (R-LA), Susan Collins (R-ME), Joe Manchin (D-WV), Lisa Murkowski (R-AK), Rob Portman (R-OH), Romney, Jeanne Shaheen (D-NH), Kyrsten Sinema (D-AZ), Jon Tester (D-MT), and Mark Warner (D-VA) called their plan a “realistic, compromise framework to modernize our nation’s infrastructure and energy technologies” in a joint statement. Continue reading.