Tuesday, October 27, 2015
The Highway Trust Fund
provides funding for road, bridge, and mass transit projects across the
country – and it’s running out of money. Its revenue source, the federal
gas tax, at 18.4 cents a gallon, has not been raised in over two
decades. Congress has been kicking this can down the road for years.
There are many arguments for a leaner fund, among them, the idea that
scaling back the program would force government to prioritize projects
and eliminate waste. But proponents of the tax say that it still plays a
vital role in supporting infrastructure, and that perpetual shortfalls
have led to construction delays and uncertainty. Should Congress raise
the federal gas tax?Source.
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