U.S. Senate Proposes Gas, Diesel Tax Increase

For the first time in two decades, there is a proposal to raise federal gas and diesel tax.

The bi-partisan Senate proposal would raise the gas tax by 12 cents over the next two years.

The money would help pay for highway and transit programs.

The plan also calls for off-setting the tax increases with other tax cuts, possibly including extending federal tax breaks that expired this year.