The Option of an Oil Tax to Fund Transportation and Infrastructure
Author | : Keith Crane |
Publisher | : Rand Corporation |
Total Pages | : 55 |
Release | : 2011-02 |
ISBN-10 | : 9780833051820 |
ISBN-13 | : 0833051822 |
Rating | : 4/5 (822 Downloads) |
Download or read book The Option of an Oil Tax to Fund Transportation and Infrastructure written by Keith Crane and published by Rand Corporation. This book was released on 2011-02 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: Federal spending on surface-transportation infrastructure outpaces federal taxes on gasoline and diesel fuel. Increasing fuel efficiency means that fuel-purchase expenditures have dropped, so real revenue generated from these taxes has declined. A percentage tax on crude oil and imported refined-petroleum products consumed in the United States could fund U.S. transportation infrastructure.