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Raising Taxes Not A Long-Term Solution for Highway Trust Fund
07/06/2015 at 07:45 am - David Williams

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This article originally appeared in The Hill on June 25, 2015

With the Highway Trust Fund set to run out of money yet again in the coming weeks, members of Congress have focused their efforts around various ideas to provide a sustainable, long-term solution to the funding shortfall. At least some of them have. A fix to the Fund will not be easy. And the failure of Congress to work toward a real solution has led some politicians to resort to their age-old answer of raising taxes.  This is a monumentally bad idea because in addition to the 18.4 cents per gallon that consumers are paying in federal gas taxes, the average state gas tax is 20 cents per gallon, making the total taxes paid at the gas pump to be 38 cents per gallon. Another option is to use taxes received from repatriated funds (money brought back into the country by corporations).  Whether it’s raising the gas tax or using repatriated tax revenue, attempts to shore up the Fund by shifting money from other budgets will not be a long term solution.  And, these gimmicks will not solve transportation problems.


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