Michigan road funding: House plan takes shape with wholesale fuel taxes, higher registration fees | MLive.com: "
As our economy is rebounding, now is the time to double down and get our transportation system working," Schmidt said after this morning's hearing, explaining his motivation to jumpstart the process.
"I think that will speed up our progress here in Michigan."
One of Schmidt's bills would increase gasoline and diesel taxes but levy them at the wholesale level, allowing for prices to rise or fall with inflation.
A gallon of gas that currently costs $3.75 would cost about 8 cents more under the new plan, he said, while generating an estimated $700 million a year in new revenue.
Schmidt also plans to introduce legislation that would raise vehicle registration fees, and he said future discussions could include higher rates for hybrid, electric or alternative fuel vehicles that use less gasoline and therefore pay fewer taxes at the pump."
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