U.S. markets close in 9 minutes
  • S&P 500

    4,179.07
    -42.79 (-1.01%)
     
  • Dow 30

    33,391.46
    -431.99 (-1.28%)
     
  • Nasdaq

    14,059.13
    -102.22 (-0.72%)
     
  • Russell 2000

    2,234.23
    -53.23 (-2.33%)
     
  • Crude Oil

    71.68
    +0.64 (+0.90%)
     
  • Gold

    1,770.10
    -4.70 (-0.26%)
     
  • Silver

    25.92
    +0.06 (+0.23%)
     
  • EUR/USD

    1.1874
    -0.0037 (-0.31%)
     
  • 10-Yr Bond

    1.4500
    -0.0610 (-4.04%)
     
  • GBP/USD

    1.3813
    -0.0111 (-0.80%)
     
  • USD/JPY

    110.1450
    -0.0860 (-0.08%)
     
  • BTC-USD

    35,442.47
    -2,359.62 (-6.24%)
     
  • CMC Crypto 200

    875.62
    -64.32 (-6.84%)
     
  • FTSE 100

    7,017.47
    -135.96 (-1.90%)
     
  • Nikkei 225

    28,964.08
    -54.25 (-0.19%)
     

White House opposes EV mileage tax, adjusting gas tax for inflation - source

·1 min read

WASHINGTON, June 10 (Reuters) - The White House opposes any effort to index gasoline taxes to account for inflation or require electric vehicles to pay a mileage fee to help fund an infrastructure package, a person familiar with Biden's thinking told Reuters on Thursday.

Some lawmakers on Thursday expressed support for adjusting the gasoline tax to account for inflation and others have called for making EV users also pay for highway repairs. The federal gasoline tax has remained at 18.4 cents a gallon since 1993, making it worth 10.1 cents a gallon in real terms. The person said higher fees or gas taxes would violate Biden's pledge not to raise taxes on Americans who earn under $400,000 a year. (Reporting by David Shepardson; Editing by Leslie Adler)