Your Followed Topics

Top 1 highway trust fund News Today

#1
The Gas-Tax Reckoning
#1 out of 1100.00%
politics3h ago

The Gas-Tax Reckoning

  • The federal gas tax faces renewed scrutiny as pump prices near $4.50 per gallon, fueling a stalled policy debate.
  • Lawmakers consider a first-ever pause on the 18.4-cent federal tax, amid differing views on infrastructure funding consequences.
  • The gas tax historically funds the Highway Trust Fund, providing the majority of highway and transit spending.
  • Analysts warn pausing the tax could undermine transportation funding and accelerate infrastructure deficits.
  • Several countries have paused fuel taxes to ease drivers’ costs, illustrating international contrasts in tax bases.
  • Projections show a long-term funding gap, with the Highway Trust Fund facing multibillion-dollar shortfalls in coming years.
  • Ideas to replace the gas tax include a vehicle-miles-traveled tax and fees on electric vehicles.
  • The piece notes a tension between supporting transit and avoiding intrusive political trade-offs around fuel efficiency.
  • The gas tax’s linkage to highway expansion is criticized for potentially increasing driving and undermining environmental aims.
  • Experts argue reform could shift infrastructure decisions toward cost-benefit analysis and sustainable transport.
Vote 0
0

Explore Your Interests

Unlimited Access
Personalized Feed
Full Experience
or
By continuing, you agree to the Privacy Policy.. You also agree to receive our newsletters, you can opt-out any time.

Explore Your Interests

Create an account and enjoy content that interests you with your personalized feed

Unlimited Access
Personalized Feed
Full Experience
or
By continuing, you agree to the Privacy Policy.. You also agree to receive our newsletters, you can opt-out any time.

Advertisement

Advertisement