McDonnell Willing To Compromise On Gas Tax - 47 ABC - Delmarva's Choice

McDonnell Willing To Compromise On Gas Tax

Posted: Updated:

McLEAN, Va. (AP) - Virginia Gov. Bob McDonnell says he's willing to compromise on a key detail of his $3 billion transportation package to get it through the state Senate.
    
At a news conference Monday in McLean, McDonnell said he would consider a plan that does not fully eliminate the state's 17 1/2 cents-per-gallon gasoline tax. If legislators want to phase the gas tax out over time, or leave a reduced gas tax in place, McDonnell said he would consider it.
    
McDonnell's proposal calls for abolishing the gas tax and replacing the money by increasing the sales tax from 5 to 5.8 percent. McDonnell says the tax swap would be revenue neutral at first but generate new money over time because the gas tax is declining and the sales tax is growing.

 

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Powered by WorldNow
Powered by WorldNow All content © Copyright 2000 - 2014 WorldNow and WMDT. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.