Michigan Votes to Double Gas Tax

gas-thingThe Michigan Senate voted has to double the state gasoline tax over four years, the bill would raise at least $1 billion to fix roads.
The bill approved 23-14 Thursday and sent to the House calls for taxing fuel on the wholesale price. The gas tax would effectively rise to 25 cents in April, 31 cents in 2016, 36 cents in 2017 and 41 cents in 2018 based on current prices.
Based on a wholesale gas price of $2.50 a gallon, that would result in a gas price hike of 17 cents a gallon when fully implemented. There are measures in the bill to cap price increases if the wholesale price of gas spikes.
A vote by the State House of Representatives won’t likely happen until they return in early December.


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