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So that is another part of the president s infrastructure proposal that we will be also discussing with the hill. one more question. madam secretary. thank you. as you know, the federal gas tax remained at 18.4 cents per gallon sin 1993. the u.s. chamber of commerce advocated an increase in the tass tax of 25 cents per gallon. the truckers, american trucking association recommended a 20 cent per gallon increase in the gas tax. what s your view on this subject? well, the president has not declared anything out of bounds, so everything is on the table. the gas tax, like many of the other pay fors that are being discussed, is not ideal. there are pros and cons. the gas tax has adverse impact, very regressive impact on the most vulnerable within our ....
To make it work. you said in an op ed in news week to your point about gas taxes the last time the 18.4 cent federal tax was raised was 1993. the cost of everything increased since then. imagine trying to make ends meet in 2003 on the same salary you had in 1993. that is the dire strait of the highway trust fund. at the same time it s going to be impossible to get a gas tax raise. we are not in that kind of political climate. well, they had no problem with the tax bill in terms of the kind of taxes that were switched around and changed. and what i say is if 25 states can do it, it means that politicians in those states are willing to make the commitment for infrastructure. and as i said, no politician has been thrown out of office. i say to politicians here in washington, bite the bullet, ....
Crunched the numbers and found the dow in the first 11 months in the obama administration grew by 29.9% and 25% under trump. as for the s&p, by 36.9% in obama s first 11 months and 18.4% in trump s, joe. there you have it. there are the numbers. wow smrks. the core of president trump s argument, that the stock market is up, unemployment is down and the economy is humming along. it s interesting. i m not really good with numbers but it looks like barack obama almost did twice as well with the s&p, the performance almost doubled. i m not really good at math but i think 36.7% is almost twice as much as 18%, mike barnicle. yeah. and looking at i m not good at math either, joe. no, you re not. but i m buying into what you re saying. look, obama s first year, first two years, we were digging ....
0-four. they need to win a more than we do. i am confident we will win. the excitement on the ground is there. early voting numbers are more republicans than the april general election, so i think the runoff is moving in our direction, and it s obvious a competitive rates. with the $33 million, i think we are going to win. melissa: one thing that republicans have going against them if you look at how much the president one in these runoff states. there is just huge margins for president trump. you look at kansas, 27 points. montana, 20 points. even south carolina. we re not talking about that race as much, because the thought that republicans would not win there, and he won by 18.4. the present in your state only got 1.5% more. and georgia sixth district, the president did only win by 1.5%. ....
Several economists have pointed out that with interest rates so low, this is the ideal time to borrow money to invest in something that has large and tangible payoffs, less traffic, shorter commutes, greater productivity throughout the economy. writing for the bond buyer, two pundies suggested that trump issue tax exempt make america great again bonds, great idea. plus, congress should raise the federal gas tax, one of the main funding sources for infrastructure repairs. that tax has remained unchanged at 18.4 cents since 1993, which when taking inflation into account, means it buys 40% less than it did 24 years ago as the new york times calculated. if congress doesn t somehow raise more money, the cbo says the highway trust fund budget shortfall will reach $139 billion in just ten years. conservatives like to say there is no free lunch. ....