President Donald Trump said he’s willing to raise the U.S. gas tax to fund infrastructure development and called the tax-overhaul plan he released last week the beginning of negotiations.
“It’s something that I would certainly consider,” Trump said May 1 in an interview with Bloomberg News in the Oval Office, describing the idea as supported by truckers “if we earmarked money toward the highways.”
Trump released a tax plan April 26 that would cut the maximum corporate tax rate to 15% from the current 35%. The same reduced rate would apply to partnerships and other “pass-through” businesses.
