Posts Tagged "finance"
Is the per-gallon gas tax going the way of the full-service filling station? To look at the flurry of proposals coming out lately, you might think so. Since the start of the year, major new proposals from industry leaders, governors and state legislatures have sparked a new debate over the ways we collect revenue collection for transportation — at the federal, state and local levels. Industry groups have proposed creative ways to essentially raise the gas tax. At the same time, 2013 already has seen several ambitious proposals for funding transportation outside of the excise tax on gas.
News broke yesterday that the Obama administration is telling Senators that the Highway Trust Fund — that pays for the projects approved in the transportation bill — will go broke by August if an emergency infusion of at least $7 billion isn’t approved. The system is broke, but it’s also broken. We need a federal transportation system that works, not the same broken thing at twice the price.