Trump Considers Controversial Gas Tax Increase to Pay for Infrastructure Spending
February 15, 2018
Trump says he supports 25 cent gas tax increase to pay for infrastructure; House votes to add ADA lawsuit requirements; Home builder confidence steady.
- Trump says he supports 25 cent gas tax increase to pay for infrastructure. President Trump told lawmakers and senior White House officials Wednesday afternoon that he supported a 25-cent gas tax in order to pay for an infrastructure bill. The move is controversial: gas taxes are politically challenging revenue raisers, especially on the right. Senator Tom Carper, who was in the meeting, confirmed the President’s support for the gas tax, saying, “President Trump came back to the idea of a 25 cent increase several times throughout the meeting.” The proposal is further complicated when compared with the President’s recent tax cut, given analysis from Strategas indicates such a tax would erase 60% of the benefit to families from the new tax bill. [CNBC]
- House votes to add ADA lawsuit requirements. The House passed legislation Thursday that would create additional requirements for Americans with Disabilities Act accessibility lawsuits. The bill passed 225-192 on largely party lines, and would require those seeking to file lawsuits alleging ADA violations to give business owners written notice. Business owners would then have six months to offer a written response, and make progress toward improvements. The bill would also require the DOJ to educate governments and property owners on how to enhance ADA accommodations. The bill would purportedly help businesses stave off frivolous ADA compliance lawsuits. Critics like the ACLU have expressed concerns the bill puts the onus of compliance on the disabled, rather than business that serve them, and has sparked protests from disability rights activists. [The Hill]
Economic Indicators & News
- Home builder confidence steady. Sentiment for new single family homes held steady among builders, at 72 this past month. The index’s solid showing is supported by growing consumer demand from job creation, tight existing supply, and wage growth. The index charting sales expectations rose 2 points, reaching 80. Builder confidence growth was concentrated outside the Northeast, largely in the Midwest. [The Hill]