Low Gas Price An Opportunity For Higher Gas Tax? Not A Chance

Posted by Mike Confino, January 5, 2015

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With gasoline costing 40 percent less than it did just six months ago–and under $2 a gallon in many states–you might think this would be a good time to discuss raising the Federal gas tax.You would be wrong.

The Federal gas tax hasn’t risen since 1993, and the U.S. Highway Trust Fund has been officially broke for several years now.

Every one of the 50 states now gets back more in Federal road and highway funding than it sends to Washington, D.C.

If it had kept pace with inflation, its current level of 18.4 cents a gallon would now be 30.1 cents.

via Low Gas Price An Opportunity For Higher Gas Tax? Not A Chance.

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