Wednesday, August 10, 2011

Is the Federal Gas Tax on its Way Out?

The infrastructurist reported earlier this week that the federal gas tax is set to expire in September.
Under normal circumstances Congress would reauthorize the gas tax so the federal government could continue to help states fix their crumbling bridges and highways.  But in this crazy time, you never know what Congress will do.

The federal gas tax is a primary source of funding for transportation for state and the federal government. Since 1993, Congress has not raised the gas tough enough to even keep up with inflation.  As a result, America’s roads and transit systems are falling into a state of disrepair. If the gas tax are about to expires states would have to make up for the loss by increasing their own gas tax in order to maintain their infastructure.

A scary scenario and the article is worth a quick read.

No comments:

Post a Comment