A Solution to the Dwindling Highway Trust Fund

Christopher Ingraham: “The U.S. Highway Trust Fund is nearly broke, and the reason why is simple: the federal gas tax is about 20 years behind the times. The highway fund relies on the federal gas tax as its primary revenue source, and that tax has stood at 18.4 cents per gallon since 1994.”

“The economically sensible fix would be to index the gas tax to inflation, or even to set it as a percentage of the price of gas.”

gas tax compare

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