IMO, a penny per gallon would be useful and would not hurt. It’s a straightforward problem: the Highway Trust Fund, which plays a central role in financing U.S. infrastructure projects, is short on money. The fund is financed through a federal gas tax, which hasn’t been raised in over 20 years, pushing American investment in infrastructure to its lowest point in nearly 70 years. Fortunately, there’s a straightforward solution: raise the federal gas tax. Better yet, it’s a bipartisan solution – Democrats support an increase, as do plenty of notable Republicans, including Sen. Jim Inhofe (R-Okla.), Sen. Orrin Hatch (R-Utah), Sen. Bob Corker (R-Tenn.), and even Charles Krauthammer. Now, there’s disagreement about how much to raise the gas tax, and what other policies should be included in the change, but the general point is the same: raising the tax would bolster the Highway Trust Fund, boost investments, and help both the economy and our infrastructure, which even Republicans concede is currently “on life support.”
Posted on: Fri, 16 Jan 2015 21:22:23 +0000
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