Charles Payne: Raising the Gas Tax Would Be ‘Regressive’; Poor People Would Be Hit the Hardest

EXCERPT:

SMITH: "Charles, I first want to get to the question on gas taxes. because the President did indicate in an interview that it is a possibility or he is looking into the possibility of raising the gas tax. That hasn’t happened in this country at the federal level since 1993."
PAYNE: "Right. There’s a reason for it. It is extraordinarily unpopular, particularly now where you have people driving further and further distances to get to jobs that barely pay them any money. It would be a regressive tax. Poorest people obviously would be hit the hardest."