Two U.S. senators on Wednesday said they want to raise the federal gasoline and diesel tax by 12 cents a gallon to prevent a fund that pays for about half of the country's transportation projects from running out of money in August.Republican Senator Bob Corker and Democrat Chris Murphy called for raising the tax 6 cents a year for two years and linking future fuel tax increases to inflation.
The gasoline tax is now 18.4 cents a gallon, and the diesel tax is 24.4 cents a gallon.
The tax has not been increased since 1993, and hiking taxes is politically unpopular ahead of midterm elections in November.
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