President Obama’s fiscal year 2015 budget proposes to increase taxes on individuals by over $820 billion and on businesses by about $500 billion, for a total of over $1.3 trillion in new taxes over the next ten years....
- Scott Drenkard and Mark Robyn quoted by Fundweb on gas taxes
Scott Drenkard and Mark Robyn quoted by Fundweb on gas taxes
No pain at pumps, no gain on roads
Fund Strategy - 30 Apr 2012 | By Vanessa Drucker
America has halved infrastructure spending from 4% to 2% since the 1960s but economists argue if gas taxes were increased, it would raise funds to pay for much-needed infrastructure.
Scott Drenkard and Mark Robyn, at the non-partisan Tax Foundation, contend that tolls are the fairest way to allocate resources by aligning costs and driving preferences. Those two economists note with interest the successful effects of congestion zones in London.
Robyn says: “The weakness of gas taxes is that they are not a good approximation of what it costs the government when people use roads.”
Remarkably, stunning efficiencies have contained American oil consumption, at just 300m barrels more in 2010 that 1970s levels, despite a 30% population increase. Drenkard notes: “There have been some ebbs and flows (the early 1980s were the lowest point) but even with wild advancements in technology and growth in population, we aren’t using oil at breakneck speeds in the US.”
Delaware Raises the Most from User Taxes and Fees; Alaska and Wyoming the Least
A key issue for many state legislatures this year is transportation funding....
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