Name: Secretary Pete may want to tax how much you drive to pay for Biden's infrastructure bill
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Secretary Pete may want to tax how much you drive to pay for Biden's infrastructure bill

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Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.An icon in the shape of a person's head and shoulders. It often indicates a user profile.Redeem nowSign up for our newsletter to receive our top stories based on your reading preferences — delivered daily to your inbox.Something is loading.President Joe Biden is set to unveil a massive $3 trillion infrastructure bill next week and many lawmakers have floated various ideas on how to fund it. Secretary of Transportation Pete Buttigieg has an idea: a mileage tax.In a CNBC on Friday, Buttigieg discussed Biden's upcoming proposal and said the plan will lead to a net gain for Americans, rather than a net cost, since infrastructure is "a classic example of the kind of investment that has a return on that investment.""That's one of many reasons why we think this is so important," Buttigieg said. "This is a jobs vision as much as it is an infrastructure vision, a climate vision and more."—CNBC (@CNBC) &nbsp;When it comes to funding, Buttigieg said revenue will likely come from different sources and is something that he still needs to discuss with Congress, but a mileage tax could be an effective option. Introducing that would also encourage the use of electric vehicles, which has been a&nbsp; of Biden's since the start of his presidential campaign.&nbsp;"I think that shows a lot of promise," Buttigieg said. "If we believe in that so-called user-pays principle, the idea that part of how we pay for roads is you pay based on how much you drive."Buttigieg added that Build America Bonds — Obama-era bonds financed by the federal government — could also be revived to fund the infrastructure bill.The president is set to unveil his infrastructure proposal in Pittsburgh next week, and it could up to $3 trillion in spending, split into separate packages for repairing crumbling infrastructure and for care-economy funding for initiatives including free community college and universal pre-K.Sen. John Thune, the Senate's second-ranked Republican, told reporters on Tuesday that splitting up the infrastructure bill is a "" by Democrats to attempt to gain GOP support for certain measures.&nbsp;And even some moderate Democrats have expressed concerns about passing an infrastructure bill without Republican support. Moderate Democratic Sen. Joe Manchin of West Virginia Axios that he likely won't support another reconciliation bill.&nbsp;"I am not going to get on a bill that cuts them [Republicans] out completely before we start trying," Manchin said.&nbsp;Buttigieg on Thursday urged the House Transportation Committee to make a "generational investment" in infrastructure and combat racial inequity and climate change.He said: "There is near-universal recognition that a broader recovery will require a national commitment to fix and transform America's infrastructure."Sign up for notifications from Insider! Stay up to date with what you want to know.Subscribe to push notificationsAn icon in the shape of a lightning bolt.Keep readingIt indicates an expandable section or menu, or sometimes previous / next navigation options.Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.An icon in the shape of a person's head and shoulders. It often indicates a user profile.Redeem nowSign up for our newsletter to receive our top stories based on your reading preferences — delivered daily to your inbox.Something is loading.President Joe Biden is set to unveil a massive $3 trillion infrastructure bill next week and many lawmakers have floated various ideas on how to fund it. Secretary of Transportation Pete Buttigieg has an idea: a mileage tax.In a CNBC on Friday,...

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Ayelet Sheffey

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Secretary Pete may want to tax how much you drive to pay for Biden's infrastructure bill

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