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| Administration Mulls Mileage Tax to Fund $3 Trillion Infrastructure Bill | |
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The Wise And Powerful Admin
Posts : 111040 Join date : 2014-07-29 Age : 101 Location : A Mile High
| Subject: Administration Mulls Mileage Tax to Fund $3 Trillion Infrastructure Bill Sat Mar 27, 2021 2:19 pm | |
| Administration Mulls Mileage Tax to Fund $3 Trillion Infrastructure Bill Steven Ahle
if you think Pete Buttigieg would have been a disaster as president, look at what he has planned for the Department of Transportation.
Buttigieg says that the administration has a variety of things they plan to do in order to pay for the newest boondoggle spending bill.
One of them is a tax on the mileage you drive. There are many reasons to dislike this bill. At approximately 21 cents a mile, someone who works just 10 miles from home will pay $1,075 a year just for driving to work.
Joe Biden has promised no tax increases for anyone making less than $400,000 a year. But he has already proposed taxes that will tax people making $200,000 and this mileage tax will be a backbreaker for the poorest Americans.
I suspect it won’t be called a tax, they will call it a user fee, but either way it will cost the same. And Buttigieg hinted there will be more money that will need to be raised to pay for a small part of the Biden agenda.
The mileage fee may sound like a fair way to pay for our infrastructure but the problem is they already have unrelated spending in the bill and I suspect there will be more to come. The mileage tax was first raised in the 1990s but it never made it into law.
Illinois has had a similar plan but was dropped because it was too complicated. And Illinois was only charging for mileage on six roads, Biden’s would be nationwide.
Transportation Secretary Pete Buttigieg told CNBC that the mileage tax is only one revenue-raising idea the administration is considering.
“I’m hearing a lot of appetite to make sure that there are sustainable funding streams,” the Transportation secretary said. A mileage tax “shows a lot of promise if we believe in that so-called user-pays principle: The idea that part of how we pay for roads is you pay based on how much you drive.”
The Transportation secretary’s comments came as President Joe Biden prepares to detail during a trip to Pittsburgh next week sweeping infrastructure proposals that could cost $3 trillion to $4 trillion. |
| | | Temple Regular Member
Posts : 7317 Join date : 2014-07-29
| Subject: Re: Administration Mulls Mileage Tax to Fund $3 Trillion Infrastructure Bill Sat Mar 27, 2021 3:27 pm | |
| Calm down. Obi-- taxing miles will never happen, never. It's just a throw-in.. breath easy ahaa! |
| | | The Wise And Powerful Admin
Posts : 111040 Join date : 2014-07-29 Age : 101 Location : A Mile High
| Subject: Re: Administration Mulls Mileage Tax to Fund $3 Trillion Infrastructure Bill Sat Mar 27, 2021 3:30 pm | |
| - Temple wrote:
- Calm down. Obi--
taxing miles will never happen, never. It's just a throw-in.. breath easy ahaa! Riiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiight. A user fee is the same thing as a tax , Temple... Soon they'll wanna tax the air you breathe. |
| | | Temple Regular Member
Posts : 7317 Join date : 2014-07-29
| Subject: Re: Administration Mulls Mileage Tax to Fund $3 Trillion Infrastructure Bill Sat Mar 27, 2021 3:40 pm | |
| - The Wise And Powerful wrote:
- Temple wrote:
- Calm down. Obi--
taxing miles will never happen, never. It's just a throw-in.. breath easy ahaa! Riiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiight.
A user fee is the same thing as a tax , Temple...
Soon they'll wanna tax the air you breathe. It would Not be an income tax- no matter it will never happen no need to raise the blood pressure over it. you been hanging out with the Q's huh- bwaaha! |
| | | The Wise And Powerful Admin
Posts : 111040 Join date : 2014-07-29 Age : 101 Location : A Mile High
| Subject: Re: Administration Mulls Mileage Tax to Fund $3 Trillion Infrastructure Bill Sat Mar 27, 2021 3:45 pm | |
| - Temple wrote:
- The Wise And Powerful wrote:
- Temple wrote:
- Calm down. Obi--
taxing miles will never happen, never. It's just a throw-in.. breath easy ahaa! Riiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiight.
A user fee is the same thing as a tax , Temple...
Soon they'll wanna tax the air you breathe. It would Not be an income tax- no matter it will never happen no need to raise the blood pressure over it. you been hanging out with the Q's huh- bwaaha! - Quote :
- Joe Biden has promised no tax increases for anyone making less than $400,000 a year. But he has already proposed taxes that will tax people making $200,000 and this mileage tax will be a backbreaker for the poorest Americans.
|
| | | Temple Regular Member
Posts : 7317 Join date : 2014-07-29
| Subject: Re: Administration Mulls Mileage Tax to Fund $3 Trillion Infrastructure Bill Sat Mar 27, 2021 3:50 pm | |
| - The Wise And Powerful wrote:
- Temple wrote:
- The Wise And Powerful wrote:
- Temple wrote:
- Calm down. Obi--
taxing miles will never happen, never. It's just a throw-in.. breath easy ahaa! Riiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiight.
A user fee is the same thing as a tax , Temple...
Soon they'll wanna tax the air you breathe. It would Not be an income tax- no matter it will never happen no need to raise the blood pressure over it. you been hanging out with the Q's huh- bwaaha! - Quote :
- Joe Biden has promised no tax increases for anyone making less than $400,000 a year. But he has already proposed taxes that will tax people making $200,000 and this mileage tax will be a backbreaker for the poorest Americans.
Attention; he will not raise income taxes/IRS/income taxes for people making under $400,000 a year- And there will not be a mileage tax, not ever. |
| | | The Wise And Powerful Admin
Posts : 111040 Join date : 2014-07-29 Age : 101 Location : A Mile High
| Subject: Re: Administration Mulls Mileage Tax to Fund $3 Trillion Infrastructure Bill Sat Mar 27, 2021 3:59 pm | |
| - Temple wrote:
- The Wise And Powerful wrote:
- Temple wrote:
- The Wise And Powerful wrote:
- Temple wrote:
- Calm down. Obi--
taxing miles will never happen, never. It's just a throw-in.. breath easy ahaa! Riiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiight.
A user fee is the same thing as a tax , Temple...
Soon they'll wanna tax the air you breathe. It would Not be an income tax- no matter it will never happen no need to raise the blood pressure over it. you been hanging out with the Q's huh- bwaaha! - Quote :
- Joe Biden has promised no tax increases for anyone making less than $400,000 a year. But he has already proposed taxes that will tax people making $200,000 and this mileage tax will be a backbreaker for the poorest Americans.
Attention; he will not raise income taxes/IRS/income taxes for people making under $400,000 a year- And there will not be a mileage tax, not ever. - Quote :
- But he has already proposed taxes that will tax people making $200,000 and this mileage tax will be a backbreaker for the poorest Americans.
|
| | | Temple Regular Member
Posts : 7317 Join date : 2014-07-29
| Subject: Re: Administration Mulls Mileage Tax to Fund $3 Trillion Infrastructure Bill Sat Mar 27, 2021 5:33 pm | |
| - The Wise And Powerful wrote:
- Temple wrote:
- The Wise And Powerful wrote:
- Temple wrote:
- The Wise And Powerful wrote:
- Temple wrote:
- Calm down. Obi--
taxing miles will never happen, never. It's just a throw-in.. breath easy ahaa! Riiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiight.
A user fee is the same thing as a tax , Temple...
Soon they'll wanna tax the air you breathe. It would Not be an income tax- no matter it will never happen no need to raise the blood pressure over it. you been hanging out with the Q's huh- bwaaha! - Quote :
- Joe Biden has promised no tax increases for anyone making less than $400,000 a year. But he has already proposed taxes that will tax people making $200,000 and this mileage tax will be a backbreaker for the poorest Americans.
Attention; he will not raise income taxes/IRS/income taxes for people making under $400,000 a year- And there will not be a mileage tax, not ever. - Quote :
- But he has already proposed taxes that will tax people making $200,000 and this mileage tax will be a backbreaker for the poorest Americans.
Obi-- you need a rest -- Again; there will never be a mileage tax.. One bump out of all the suggestions.. Get back to me when a mileage tax is law. not going to happen- |
| | | Temple Regular Member
Posts : 7317 Join date : 2014-07-29
| Subject: Re: Administration Mulls Mileage Tax to Fund $3 Trillion Infrastructure Bill Sun Mar 28, 2021 2:00 am | |
| Buttigieg (not Biden) also weighed in on several potential revenue-generating options to fund the project. To become law it needs to pass congress and Biden. Biden well could say- no way-
|
| | | The Wise And Powerful Admin
Posts : 111040 Join date : 2014-07-29 Age : 101 Location : A Mile High
| Subject: Re: Administration Mulls Mileage Tax to Fund $3 Trillion Infrastructure Bill Tue Mar 30, 2021 6:03 am | |
| Biden reportedly bumps infrastructure price tag to $4 trillion, with up to $3.5 trillion in tax hikes Ayelet Sheffey,Juliana Kaplan Mon, March 29, 2021, 11:23 AM
The new infrastructure bill could cost more and have greater tax hikes than originally anticipated.
The Washington Post reported it could total $4 trillion, with up to $3.5 trillion in tax hikes.
Democrats have suggested various tax hikes, while Republicans have opposed all them.
President Joe Biden is expected to unveil his massive infrastructure plan on Wednesday, but it could surprise on the upside.
While the plan was initially thought to have a $3 trillion price tag, it could now cost as much as $4 trillion and include $3.5 trillion in tax hikes, according to The Washington Post.
Last week, The New York Times first reported details of the upcoming infrastructure proposal. In that report, sources familiar with the plan said it could cost up to $3 trillion. The plan was confirmed to Insider. According to documents obtained by The Times, the package will be split into two legislative pieces: one focused on rebuilding infrastructure such as roads and bridges and another focused on the care economy, with funding for things including universal pre-K and free community college.
But on Monday, three sources familiar with the matter told The Washington Post that the White House was expected to push for as much as $4 trillion in spending on infrastructure and as much as $3.5 trillion in tax hikes.
The sources said administration officials worried the large gap between spending and revenue would widen the deficit so much that it could trigger a spike in interest rates and increasing taxes would help mitigate that.
On Wednesday, Biden is expected to unveil the first legislative piece of the infrastructure plan, which would focus on rebuilding roads and bridges, expand clean-energy investments, and create infrastructure for electric vehicles. This part of the plan would also include funding for care for older people and those with disabilities.
As for the second part of the plan focused on the care economy, White House press secretary Jen Psaki said on Fox News Sunday that it would be released "in just a couple of weeks" and "address a lot of issues that American people are struggling with."
"The total package we're still working out, but he's going to introduce some ways to pay for that, and he's eager to hear ideas from both parties as well," Psaki said.
Biden has already shown a historic willingness to go big with recovery packages, in contrast to the stimulus packages enacted during the Obama-era recovery in the wake of the Great Recession.
Tax hikes may be on their way - and Republicans don't like that
The Washington Post wrote the focus on the deficit could help appease critics who worry about spending - but it also lays out a big challenge for Biden. The White House would need to get Congress on its side to enact tax increases, which "together would represent the largest tax hike in generations," The Post said.
Lawmakers have already begun floating a host of ideas to fund the infrastructure package, with tax hikes on the table. Moderate Democratic Sen. Joe Manchin of West Virginia told Axios earlier this month that an infrastructure bill could be as large as $4 trillion if it was funded by tax hikes. But he made it clear that he would not support using reconciliation to pass it. That process was used to pass $1.9 trillion stimulus package.
Biden has been eyeing a tax increase, with wealthier Americans and corporations as the primary targets, Bloomberg reported.
He said during his campaign that he would increase the corporate tax from 21% to 28% - still lower than its 35% rate before President Donald Trump's tax cuts. He's also been looking at adjustments to the stepped-up basis, as well as expansion of the capital-gains tax, Bloomberg reported. He may also raise the top income-tax rate to as high as 39% for Americans making over $400,000 a year.
But Republican lawmakers are unlikely to support tax hikes to fund infrastructure measures. In fact, some have been pushing for the opposite of Sen. Bernie Sanders' proposed increase to an estate tax, instead calling for it to be repealed.
"I don't think there's going to be any enthusiasm on our side for a tax increase," Senate Minority Leader Mitch McConnell told reporters last week. |
| | | Temple Regular Member
Posts : 7317 Join date : 2014-07-29
| Subject: Re: Administration Mulls Mileage Tax to Fund $3 Trillion Infrastructure Bill Tue Mar 30, 2021 5:08 pm | |
| America is in desperate need of NEW instruction.. Most all other countries of note have bypassed us years ago on updating and creating awesome infrastructure. I will gladly pay a tax/whatever needed to improve our dire crapy everything/infrastructure. And- I wouldn't cry and whine over it- it needs to be done. hell, it needed to be done 5 decades ago..
Just willing, without whining, pay your part to bring America into the 21st century.. |
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