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Of revenue would go to rebuilding roads. that's not the case. >> rick, you don't like regressive tax and hit the poor and middle class. you couldn't be for this. >> i can be for it and shockingly i think john is wrong. i think we have a revenue problem. i am for it friends on the panel tell me if we can get more oil out of the ground here in the united states, gas prices will go down. guess what, here we are told that we are on the verge of becoming the oil super power in the world. what better time to raise the revenue by apportions taxes on people who use the gasoline. you have told me price...

I think our government should do the refining prices better to tamp down the price of gas. it hasn't been hiked since 1993. it is not adjusted for inflation . the truth of the matter it funds the highway trust fund and we are seeing a major budgetary short fall. >> actually mike, it is not a bad point. if the federal government has been coming in to fill that gap without this gas tax going up, is this one tax that maybe should go up. >> no, john is right. at a time when personal income is falling, we don't want to raise the cost of the living for people. that would be terrible. moms drives kid...

It is it a broad tax and certainly hits people with lower incomes harder because they're spending more of their income on gas. if you asked the question in 2004, you could make a case for gas tax. but our economy is teetering on economy. it is a stealth tax and never goes away and the funds don't go to highways and nothing down to encourage driving . the tax revenue will go somewhere else. >> john, i mentioned in the top of the segment that republicans are apparently okay or considering it. the new republican head of the committee in the house of representatives said he will not put it off of ...

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.