Filed under: Government/Legal, Earnings/Financials
Oh, the gas tax, always a contentious issue. We've covered it throughout the years but now the Congressional Budget Office is reminding us that the time has come to move well beyond simple discussion and politics: the Highway Trust Fund is not getting enough money to pay for the transportation infrastructure that America needs.
As you can see in the chart above, the Fund has not taken in more money than it spent since 2001, except for one time in 2006. In 2008, 2009 and 2010, the Highway Fund got money from the General Fund to pay for things like highway repairs and various mass transit programs.
Since the Highway Trust Fund is mostly paid for by the gas tax, that number plays a big roll in how much money America has to build bridges. Before we move on, though, it's time for a question: What was the last year the U.S. gas tax was raised? The answer and more can be found below.
Continue reading New CAFE rules and a stagnant gas tax mean big deficits for infrastructure
New CAFE rules and a stagnant gas tax mean big deficits for infrastructure originally appeared on Autoblog on Thu, 03 May 2012 16:28:00 EST. Please see our terms for use of feeds.
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Kurt Adolff Fred Agabashian Kurt Ahrens Jr Christijan Albers Michele Alboreto Jean Alesi
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