It what will amount to an absolutely asinine and incredibly stupid move should it happen, some members of Congress may oppose the renewal of the federal gasoline and diesel fuel tax when it is set to expire this fall. This tax generates revenue which is used to keep our highways from falling apart.
Considering our nation’s infrastructure is crumbling, now seems like the perfect time to pull the plug on the tax, right?
In an article published on CNN Money entitled “Gas Tax May Be Next Tea Party Target,” author Steve Hargreaves discusses what exactly is at stake:
A bill was recently introduced by Senate Republicans that would allow states to opt out of the federal highway program. The highway program uses $32 billion each year collected by the gas tax, plus a handful of smaller fees and some borrowing to distribute some $50 billion a year to the states for road construction, maintenance and mass transit projects.
Read the entire article at the: Daily Fuel Economy Tip
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