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President Joe Biden told Members of Congress on Monday that he is open to raising the federal gas tax as a way to fund his $2.25 trillion spending package, a clear violation of Biden’s pledge against any tax increase on anyone making less than $400,000.
According to Bloomberg News, Biden told members of Congress that he is open to a 5 cent per gallon increase on the federal gasoline tax, more than a 27 percent increase on the current gas tax.
The Eno Center for Transportation estimates that a 5 cent per gallon gas tax hike would raise taxes by more than $87 billion over a 10-year window, with federal revenues increasing by $9.1 billion in year one.
President Joe Biden and Vice President Kamala Harris pledged at least 56 times that no American making less than $400,000 would see a penny of their taxes increased.
“I pay for every single thing I’m proposing without raising your taxes one penny. If you make less than 400 grand, you’re not going to get a penny taxed,” Biden told a Wisconsin crowd last September.
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I hate being “that guy” who asks people to donate because I think our conservative news network is so crucial, but here I am…
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