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Stock impact report

Push to 'dump the gas tax' grows, but is it any closer to reality? [USA TODAY]

General Motors Company (GM) 
Last general motors company earnings: 2/5 08:05 am Check Earnings Report
US:NYSE Investor Relations: gm.com/investors/index.html
Company Research Source: USA TODAY
The largest lobbying group for carmakers in Washington, the Alliance for Automotive Innovation, came out in favor of a plan to eliminate the federal gas tax in favor of a new vehicle fee that would be based on the weight of cars "Depending on how long this current global oil shock lasts, I do expect to see a consumer shift toward more fuel-efficient vehicles," John Bozzella, president of the Alliance, which lobbies for most major automakers such as Ford, General Motors, Stellantis, Honda and Toyota, wrote in a blog post. "That's likely to accelerate the insolvency of the Highway Trust Fund – the government's dedicated account to build, fix and maintain America's transportation infrastructure." The comments follow similar statements from President Trump and some U.S. lawmakers that have floated the idea of suspending the federal gas tax to help drivers who are now feeling the pinch at the pump. They also come as the national average gas price rose to $4.09 per gallon on April 3, a Show less Read more
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