Senators propose 12-cent gas tax increase

The plan would raise the federal gas tax

The plan would raise the federal gas tax and diesel tax each by 12 cents over the next two years. (June 18, 2014 10:41 PM)

(AP) -- Two senators unveiled a bipartisan plan Wednesday to raise federal gasoline and diesel taxes for the first time in more than two decades, pitching the proposal as a solution to Congress' struggle to pay for highway and transit programs.

The plan offered by Sens. Chris Murphy, D-Conn., and Bob Corker, R-Tenn., would raise the 18.4 cents-a-gallon federal gas tax and 24.4 cents-a-gallon...

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