Thursday
May192011
CBO says taxing cars by the mile could raise money for highways
Thursday, May 19, 2011 at 6:03PM Click here for complete article > The Hill: Floor Action Blog
May 17, 2011
The Congressional Budget Office (CBO) on Tuesday said the imposition of a new tax on cars and trucks based on how many miles they drive would be one way of generating revenues for the federal Highway Trust Fund.
Joseph Kile, CBO's assistant director for microeconomic studies, told the Senate Finance Committee that a tax on vehicle miles traveled (VMT) would help the Highway Trust Fund meet its spending goals, in particular because the Fund is already spending more than it collects through the federal gas tax…
in Transportation, VMT
Transportation, VMT
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