WASHINGTON -- Signals that the Bush administration is opposed to the 5-cent-per-gallon gas tax increase included in the House Democratic leadership's draft highway bill are casting further doubt over already-slim hopes that the added revenues could be used to ease some tax-exempt bond curbs.

Though the White House has officially been mute on the gas tax proposal, Council of Economic Advisers Chairman Michael Boskin told reporters last week he does not believe the administration would endorse such a tax increase right now because the economy is not strong enough to support it.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.