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Psaki says stepping up IRS enforcement would 'raise a great deal more' to pay for infrastructure than a gas tax increase

1 month ago   |   By Business Insider

Summary List Placement White House Press Secretary Jen Psaki pushed back against a gas tax proposal under consideration in the Senate, as she argued that ramping up IRS enforcement would net more revenue.
At a Monday press conference, Psaki said the administration had projected that the bipartisan group's planned gas tax measure would raise around $40 billion in revenue.
The Biden administration is pushing to pour $80 billion into the IRS as part of its infrastructure plans. The White House views it as a key way to generate new revenue from wealthy Americans who pay little or nothing in...
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The White House rejects increasing the gas tax to fund infrastructure, arguing it puts a bigger burden on average Americans

The White House rejects increasing the gas tax to fund infrastructure, arguing it puts a bigger burden on average Americans

1 month ago   |   By Business Insider

White House Press Secretary Jen Psaki.
Alex Wong/Getty Images
The White House ruled out a gas tax increase on Monday as bipartisan infrastructure talks gain momentum.
Psaki said the administration is "not going to stand for" any measure boosting taxes for households earning under $400,000.
A Democratic negotiator said it is "clearly off the table" in the negotiations.
See more stories on Insider's business page .
The White House ruled out a gas-tax increase to finance a major infrastructure overhaul, arguing it would be a violation of a key campaign pledge. "An idea that's been floating...
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