Several states are pushing to suspend or eliminate their gasoline taxes There’s also been a push to suspend the 18-cent-per-gallon federal gas tax. Trump has said “it’s a great idea.” (He has some nerve given his actions have caused prices to soar.)
Really? It seems rather shortsighted and likely ineffective to me.
The issue is the consequences of suspending or eliminating gasoline taxes.
Gasoline taxes are structured primarily as “user fees” dedicated to transportation infrastructure, highway maintenance, and environmental remediation.
Oops, suddenly none of that matters?
Federal Highway Trust Fund –
The Congressional Budget Office (CBO) projects that without intervention, both the Mass Transit Account and the Highway Account will exhaust their cash reserves around 2028. Cumulative shortfalls are projected to reach approximately $295 billion over the next decade.Peterson Foundation
