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Entries in Gas Tax (13)

Tuesday
May022017

Trump Open to Raising Gas Tax, Says Truckers Back Higher Price for Highways

Transport Topics

May 2, 2017

President Donald Trump said he’s willing to raise the U.S. gas tax to fund infrastructure development and called the tax-overhaul plan he released last week the beginning of negotiations.

“It’s something that I would certainly consider,” Trump said May 1 in an interview with Bloomberg News in the Oval Office, describing the idea as supported by truckers “if we earmarked money toward the highways.”

Trump released a tax plan April 26 that would cut the maximum corporate tax rate to 15% from the current 35%. The same reduced rate would apply to partnerships and other “pass-through” businesses

He said he is willing to lose provisions of his tax plan in negotiations with Congress but refused to specify which parts. He also repeated his call for a “reciprocal tax,” which would be aimed at imposing levies on imports to match the rates that each country charges on U.S. exports.

Read on...

Wednesday
Sep022015

Poll: Most Americans back 10-cent gas tax hike

Getty ImagesThe Hill

September 1, 2015

Seventy-one percent of U.S. residents would support a 10-cent increase in the 18.4 cents-per-gallon gas tax that is used to pay for federal transportation projects, according to a new poll released this week.

The survey, conducted by the San Jose, Calif.-based Mineta Transportation Institute, comes as lawmakers are facing an Oct. 29 deadline for renewing federal infrastructure spending that has been the subject of debate in Washington for most of the year.

Support for increasing the gas tax to 28 cents-per-gallon drops to 31 percent if the money is used to "maintain and improve the transportation system" instead of "improve road maintenance," according to the group.

The group behind the study said "the survey results show that a majority of Americans would support higher taxes for transportation—under certain conditions."   Read on…

Friday
Jul242015

Editorial from USA Today: Raise the gas tax already: Our view

USA Today

July 23, 2015

Without congressional action, highway funding will come to a halt at the end of July.

America has a transportation problem. Its highways and bridges are in desperate need of repairs. Its major population centers are in desperate need of road and rail capacity to get people and products out of traffic jams. And the Highway Trust Fund — used to build and maintain those roads, bridges and transit systems — is running short of cash. Without congressional action, federally financed projects will come to a halt at the end of this month.

Unlike many problems, this one has a simple solution. The 18.4-cent-a-gallon federal gasoline tax hasn't been raised since 1993. Thanks to a worldwide oil glut, gas prices have dropped so far that Congress could quintuple the gas tax without pushing pump prices above where they were at this time last year. Merely restoring the tax to its 1993 level (a little more  than 30 cents in today’s dollars) and indexing it for inflation would be a big start toward a major infrastructure upgrade. And given the volatility of prices at a pump, motorists would barely notice the 12-cent increase.   Read on...

Wednesday
Jul222015

The gas tax is over

Survey: POLITICO’s transportation experts think we’ll pay for roads with a mileage scheme. They’re tired of “photo ops and gimmicks” instead of policy. And they like to walk.

As Congress continues divided about funding transportation reauthorization, what are others saying. Politico gathered transportation experts for just such a discussion.

What do you think?

Our roster of transportation leaders included current and former members of Congress; officials from big players like the AFL-CIO, the Chamber of Commerce, and the American Trucking Association; experts from a range of universities and think tanks; an executive from one of the nation’s largest roadbuilders; and even former Senate Majority Leader Trent Lott, surely the only respondent with an airport named after him.

As the House and Senate squabble over a way to pay for road projects and avoid the looming “highway cliff” this week, America’s transportation experts think it’s high time for Washington to take up a much bigger challenge: Rebuilding our national transportation strategy from the ground up, and finding a smart new source of money to pay for it.

With transportation-funding crises now a regular event on the Washington calendar, and Congress seemingly unable to come up with a long-term solution, The Agenda turned to a carefully selected list of more nearly three dozen leaders and experts across the public and private spheres to ask whether there was a better way for the nation to handle its crucial roads, rail, and other infrastructure.

Nearly 90 percent said the federal government should continue to play a significant role in funding highway construction, as it does now.

But when it came to what the role was – and how to pay for it – they agreed that big changes were in order. The gas tax, our main source of highway money since the 1950s, is probably doomed: Less than half believed it would still supply most of our infrastructure funding in 15 years. A third think it might never be increased again. And almost no one thought it was the best way to pay for roads.   Read on…

Thursday
Jun252015

Why America's Truckers Want to Pay More for Gas (Hint: Look at our Roads)

U.S. Chamber of Commerce

June 22, 2015

U.S. truckers waste 141 million hours sitting in traffic every year, costing the industry $9.2 billion annually. Photo credit: Susan Goldman/Bloomberg News.America's trucking industry wants Congress to raise taxes on fuel.

No, you read that correctly. Raise, not lower.

Naturally, that begs the question: What could drive America's truckers, who spend more than $100 billion on diesel every year, including roughly $16 billion in fuel taxes, to ask lawmakers to charge them more every time they fill up their tanks?

The answer: America's busted roads.

During a visit last week to Capitol Hill, Bill Graves, president of the American Trucking Associations, pleaded with lawmakers to increase the federal gas tax to raise more money to repair the nation's crumbling roads, highways and bridges as well as build new transit infrastructure. It's urgent that they raise the tax now, he said, as the federal Highway Trust Fund - which provides capital for the majority of those types of construction projects - is currently on pace to run out of funds at the end of July.   Read on…

Tuesday
Jun162015

How Math Is Making Our Highways Crumble

Ozy.com

June 16, 2015

Welcome to the world of zero. We’ve grown used to lots of zeros these days: zero inflation (in Europe and Japan) and near-zero interest rates (at least if you’re a U.S. bank, though it’s less than zero if you’re in Europe). And now, get used to zero public investment.

No, we didn’t make that up. It’s a stark reality that might sound like math trickery, but the results are as real as the pothole that just ate your tire. The government spends, say, $100 million building a new strip of highway, but elsewhere in the highway system, there’s — you guessed it — $100 million in highway damage that goes unfixed. In other words, Uncle Sam is playing a fool’s game with the roads and bridges you drive your children on, instead of doing anything to prevent all those potholes and breakdowns that have real-life consequences. “Can it make sense that at this moment, as I speak to you, the share of public investment in GDP … is zero?” asked Harvard economist and former U.S. Treasury Secretary Lawrence Summers recently in a keynote speech at Princeton.   Read on…

Tuesday
Jun162015

How a Gas Tax Increase Affects the Retail Pump Price: An Economic Analysis of 2013-14 Market Impacts in 5 States

American Road and Transportation Builders Association (ARTBA)

June 16, 2015

Increasing the gas tax does not result in a commensurate penny-to-penny increase in the retail price motorists pay at the pump, a study of the market impacts of five state gas tax increases enacted in 2013 found.

The analysis, by Dr. Alison Black, chief economist for the American Road & Transportation Builders Association (ARTBA), found, on average, the price for a gallon of regular gasoline the day after a state gas tax increase goes into effect only reflects about 22 percent of the new levy.  A month after enactment, only about a third of the levy shows up in the pump price, she says, and thereafter, it is not a significant retail price factor.

The study also found that since 2005 the average weekly price of gasoline nationally has fluctuated, on average, five cents per gallon.  Black says a modest increase in the federal gas tax rate to restore the purchasing power of the user fee—last adjusted in 1993—would likely be "lost" in the week-to-week price fluctuation experienced at the pump.   Read on…

Complete Study: How a Gas Tax Increase Affects the Retail Pump Price: An Economic Analysis of 2013-14 Market Impacts in 5 States

Thursday
May142015

Gas tax hike safe politically, analysis says

The Hill

May 12, 2015

Almost all state lawmakers who have voted to raise gas taxes in states that increased their own fuel levies in recent years have been re-elected, according to an analysis that was released Tuesday by the American Road & Transportation Builders Association (ARTBA).

Ninety-five percent of Republicans and 88 percent of Democrats who voted to raise gas taxes in their states in 2013 and 2014 were re-elected in last fall’s election, according to the analysis.

The road builders group said the results show lawmakers in Congress could vote to raise the 18.4 cents-per-gallon federal gas tax without facing any political recuperations. Read on…