President Joe Biden unveils his infrastructure package. But the price tag, numbering in the trillions, is sparking controversy on Capitol Hill. Many are voicing concerns about the tax hike, and its potential effects on the economy. While the U.S. Commerce Department has been vocal in their support of the infrastructure plan, they call the proposal quote “dangerously misguided” when it comes to how to pay for infrastructure.
Transportation Secretary Pete Buttigieg walks back on his mileage tax, now saying it’s not part of the infrastructure plan. He suggested last week a mileage tax showed “a lot of promise” as a way to help pay for an infrastructure plan. The milage tax would tax people based on how many miles they drive and would be seen as an alternative to raising the gas tax.
