WI, PA governors want to tap Big Oil profits for transportation

| 6/4/2007

If voters don’t want higher fuel taxes or new toll roads to pay for their transportation needs, how about getting big oil to pay part of the bill?

The governors in Wisconsin and Pennsylvania are both eyeing that possibility, according to media reports.

In Wisconsin, Gov. Jim Doyle wants to slap a 2.5-percent tax on the gross income of oil companies to raise $275 million over the next two years.

In Pennsylvania, Gov. Ed Rendell is also proposing to tax oil companies.

An official with the American Petroleum Institute told Congress Daily the proposals are “revenge politics” prompted by anger over oil company profits.