The federal gas tax has not been increased since 1993. It’s a fixed per-gallon tax, not a percentage of the price of gasoline like a sales tax, so as gas prices have gone up, this hasn’t led to increased gas tax revenues. On the contrary: higher gas prices and more fuel-efficient cars are leading to lower gas purchases, eroding the revenue stream even more. Our road infrastructure is crumbling and as the costs pile up, the funding dwindles. What do you do? Well, if you are Congress, you refuse to pass anything so it all falls apart March 31st.
- Current Mood: Tired
- Just Watched: The Hunger Games