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around with all these/bills." said Sen. Willey, who also has proposed a bill to raise corporate taxes by $96.2 million. That bill was approved by the Senate Monday.
But some committee members, as well as speakers at the public hearing, disagreed with Sen. Willey's view that oil companies would not pass on the increases to consumers.
“It is highly unlikely that the oil companies are going to absorb (the increase),” said Sen. Adelard L. Brault (D-Fairfax).
As a better approach, speakers urged the committee to increase the statewide gasoline tax—which is 11 cents per gallon at the pump—rather than raising the wholesale price on a percentage basis.
The wholesale tax would raise $90.5 million in fiscal 1982-83 and $98.4 in 198384. According to Sen. Willey’s figures, the package of increases would fund a highway construction program equal to only 66 percent of construction spending levels for 1978-80, adjusted fpr inflation. As part of the proposal.
92.2%