Secretary Pete backtracks on a mileage tax as funding for the infrastructure bill [View all]
Source: Business Insider
President Joe Biden's infrastructure plan could reportedly cost up to $4 trillion, and Transportation Secretary Pete Buttigieg has alternately been musing about and dismissing a mileage tax to help fund it.
In a CNBC interview on Friday, Buttigieg said that while sources of funding for infrastructure are still being discussed, a mileage tax "shows a lot of promise" as a source of funding for Biden's next massive bill. However, he shut down the idea of a mileage tax just three days later in an interview on CNN.
"That's not part of the conversation about this infrastructure bill," Buttigieg said on Monday. "Just want to make sure that's really clear. But you will be hearing a lot more details in the coming days about how we envision to be able to fund this."
Buttigieg also ruled out the idea of using a gas tax to fund infrastructure plans, but he hasn't yet discounted another idea he brought up on Friday: reviving Obama-era Build America Bonds.
Read more: https://www.msn.com/en-us/news/politics/secretary-pete-backtracks-on-a-mileage-tax-as-funding-for-the-infrastructure-bill/ar-BB1f7J03?li=BBnb7Kz
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