IF this math is true the Gas tax would bring significant funds, far more than enough to pay for the infrastructure upgrade and help cover the deficit. The Forbes model believes that right now Federal infrastructure would be at about 138 billion in the hole by 2027. This would generate 303 in the next 10 years (by 2029), which would cover not only the deficit left by the current tax fund but also nearly cover Trumps 200 million in spending. On top of that, according to the article, the .25 cent tax is within historical variance for gas prices as they go up and down. AKA you likely would barely notice this.
I'm for this tax.
In the Congressional Budget Office's analysis of the Senate tax bill, the cuts would add $1.414 trillion to the deficit by 2027.
But hey, $840 billion by the year 2050, I'm sure that will make a difference LOL
I know your trying to make a point but I don't think you really understand that $840 Billion, while a drop in the bucket of USA national debt, is actually a significantly large amount of money. Like Staggeringly huge. It needs small little increases like this, on top of larger increases on other things and cuts to frivolous spending like national defense to work. But sure, lets just not even bother cause LOL it's so little!
No I don't think you understand here...
1.4 trillion dollars will be added to the deficit in the next 9 years. That is going to have a significantly harder impact than 840 billion over 32 years.
I agree. Lets just do nothing ---
"All I have is my balls and my word, and I don't break them for anyone!"-Tony Montana