CNBC Video: Trump's economic advisers throw cold water on his proposal to raise federal gas tax
CNBC Video: Trump's economic advisers throw cold water on his proposal to raise federal gas tax
White House unveils economic agenda forecasting 3% GDP from CNBC.
The president's Council of Economic Advisers warned on Wednesday that taxing gasoline to pay for infrastructure improvements is an "imperfect" system.President Donald Trump reportedly proposed raising the federal tax on gas and diesel by 25 cents to fund his infrastructure plan.
Kevin Hassett, the council chair, told CNBC the gas tax was not designed for the 21st century.
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