In an interview today with Neil Cavuto on Fox News, John Thune, Senator from South Dakota has reveal that embedded with in Obama's 2012 budget could very well be a $435B excise tax coming to a pump near you.
Senate Republicans, including Senator Rubio, have sent a letter to the Obama Administration asking the administration what this new revenue stream to fund transportation is. What Senator Thune calls Phantom Revenue.
The administration appears to be evasive on the subject. But by all indications, this will be a federal tax increase on per gallon of gasoline.
When a barrel of oil now sits at $108 per barrel, and projected to go higher. Can Americans afford to pay more out of pocket cash to the Government.