No Need to Raise the Gas Tax
13th January 2015
Since 2008, the Highway Trust Fund (HTF) has spent $55 billion more than it takes in. This persistent overspending has caused some politicians to call for an increase in the gas tax. Before even considering increasing the gas tax, politicians should implement reforms to ensure that current gas tax revenue is spent efficiently. With hundreds of thousands of dollars of HTF outlays recently going to projects like squirrel sanctuaries and driving simulators, there is much work to be done.
Well, duh….