January 8, 2013
RICHMOND, Va. (AP) - Gov. Bob McDonnell wants Virginia lawmakers to eliminate the state gasoline tax and replace it with a sales tax increase of less than a penny on the dollar.
The swap is part of a five-year, $3.1 billion transportation funding plan unveiled by the governor Tuesday, a day before legislators convene their 2013 session.
If legislators approve, Virginia would become the first state to drop its gasoline tax. McDonnell says the 17.5 cents per gallon gas tax is no longer viable because of inflation and more fuel efficient vehicles.
"The average miles per gallon have gone from 10.3 miles per gallon in 1986 to 27.3 miles a gallon in 2011," said McDonnell. "That's just the average!"
Replacing that tax with a 0.8 percent increase in the state sales tax and earmarking the revenue for transportation would raise $607 million over five years.
"Sales tax has already proven to be sustainable and reliable," said McDonnell. "It grows with economic activity, unlike the gasoline tax, which is flat at 17.5 percent."
McDonnell also wants to increase the portion of the sales tax already designated for transportation.
The comments sections of Newsplex.com are designed for thoughtful, intelligent conversation and debate. We want to hear from our viewers, but we only ask that you use your best judgment. E-mail is required, but will not be displayed with comment.
As a host Newsplex.com welcomes a wide spectrum of opinions. However this is a site that we host. We have a responsibility to all our readers to try to keep our comment section fair and decent. For that reason The Newsplex reserves the right to not post or to remove any comment.
If you have any ideas to improve the conversation or this section let us know. Send an e-mail to firstname.lastname@example.org.
powered by Disqus