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President Joe Biden is set to unveil a massive $3 trillion infrastructure bill next week and many lawmakers have floated various …
Subscriber Account active since President Joe Biden is set to unveil a massive $3 trillion infrastructure bill next week and many lawmakers have floated various ideas on how to fund it. Secretary of Transportation Pete Buttigieg has an idea: a mileage tax. In a CNBC interview on Friday, Buttigieg discussed Biden’s upcoming proposal and said the plan will lead to a net gain for Americans, rather than a net cost, since infrastructure is «a classic example of the kind of investment that has a return on that investment.» «That’s one of many reasons why we think this is so important,» Buttigieg said. «This is a jobs vision as much as it is an infrastructure vision, a climate vision and more.» When it comes to funding, Buttigieg said revenue will likely come from different sources and is something that he still needs to discuss with Congress, but a mileage tax could be an effective option.
