Georgia House has proposed to generate $1Billion in transportation funding by leaving the gas tax and imposing a state excise tax of 29.2 cents per gallon of gas. Local governments would lose $500M in the tax swap.
The proposal allows the local governments to impose new taxes.
Tea Party supporters oppose the scheme because it is:
- a “scheme”
- would raise taxes on gas by more than 7 cents
- grants tax breaks for large corporations.