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U.S. Panel Proposes 40-Cent Fuel-Tax Boost for Roads

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U.S. federal fuel taxes should be boosted as much as 40 cents a gallon to finance highway, bridge and transit work, a panel created by Congress recommended.

The increase, phased in over five years, would help pay for at least $225 billion a year in transportation construction and repairs by government and business, according to the panel. The federal gasoline tax is now 18.4 cents a gallon.