bridges
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The federal gas tax, which was supposed to pay for repairs and expansion to roads maintained or funded by the national government, now does nothing of the kind. Congress last raised the U.S. federal gas tax a quarter of a century ago in 1993, to the 18.5-cents-per-gallon level it remains at today. Diesel fuel is taxed at 24.4 cents per gallon. Every state in the U.S. now receives more road funding from the federal government than it sends to D.C. in gasoline taxes, but the cumulative deficit in road-repair funds has risen to several hundred billion dollars. DON'T MISS: Gas tax should rise 25...
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Fuel Efficiency Hurts: Gas Tax Revenue Plummets, Roads CrumbleCars with higher gas mileage pay less per mile in gasoline tax. And plug-in cars pay no gas tax at all. With far tougher fuel economy standards looming--34.1 mpg by 2016 and no less than 54.5 mpg by 2025, assuming final rules are issued by the NHTSA and EPA--the problem is only getting worse. $400...
John Voelcker
