1340 AM, Monday, September 8th, 2008
Bayh Wanting To Raise Gas Tax Deduction
Last updated on Friday, May 05, 2006
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(UNDATED) - Indiana Senator Evan Bayh is asking the Bush Administration to allow the IRS to increase the gas tax deduction for business-related expenses.
Bayh says there's a precedent for increasing the gas tax deduction, it was temporarily increased after Hurricane Katrina.
Bayh is asking the IRS to increase the current reimbursement from 44-cents to 48-cents a mile.
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