RICHMOND, Va. (AP) — Virginia Gov. Bob McDonnell has proposed a five-year, $3.1 billion transportation funding package that includes replacing the state's gasoline tax with a sales tax increase of nearly a penny on the dollar.
The Republican governor unveiled his plan Tuesday. If state lawmakers approve, Virginia would be the first state to drop its gasoline tax.
McDonnell said the gas tax is no longer a viable revenue source for maintaining and building highways because of inflation and more fuel-efficient vehicles. State officials said the purchasing power of the gasoline tax has declined by more than half since it was last increased, to 17.5 cents per gallon in 1986.
The plan would boost the state's 5 percent sales tax to 5.8 percent and dedicate additional revenue for transportation, which would also get a larger share of existing sales tax revenue.
It’s time for the extraordinary rendition of Roman Polanski
Importing Terrorism and Other American Values | Human Events
Doug Giles - Here’s Why Islam Wants Our Heads -- In THEIR Own Words
- What Is Your U.S. Income Percentile Ranking?
The Myth of "4 Million Conservative Voters Stayed Home in 2012" | RedState
Colorado FOP slams 'fools' who say shooter alive due to race
Concealed Carry: What To Do When Stopped By The Police - Bearing Arms - Concealed Cary, Video