Hard times for the highway trust fund may mean trouble for highway repair
Journal Article
·
· Natl. J.; (United States)
OSTI ID:6716382
For the first time in 15 years, the Federal highway trust fund will spend more this fiscal year than the fund will receive. The major source of trust fund income, the 4-cents-a-gallon Federal gasoline tax, has not been increased since 1959. In the past the fund grew gradually as gasoline consumption grew. Now, with fuel-efficient cars, higher gasoline costs, lower speed limits, and less driving, fuel use is declining. This lowered income for the fund coincides with increasing costs for road construction and repair at the beginning of serious deterioration of the nation's highways. Some states are taking the initiative to increase their gasoline tax but the Federal tax has remained the same. The debate over the gasoline tax has bypassed the question of why Congress should bail out the highway trust fund when much of its original mission is complete. Originally funded to assist state highway construction, the Federal role has been evolving over the past few years from construction to preservation and rehabilitation. Some major decisions about the highway trust fund will be made in the near future. The Federal aid program expires in 1982; the trust fund expires in 1984. (SAC)
- OSTI ID:
- 6716382
- Journal Information:
- Natl. J.; (United States), Journal Name: Natl. J.; (United States) Vol. 12:33; ISSN NAJOD
- Country of Publication:
- United States
- Language:
- English
Similar Records
Energy and manpower effects of alternate uses of the Highway Trust Fund. Interim research report
H. R. 2233: A Bill to amend the Internal Revenue Code of 1986 to increase the gasoline tax for purposes of providing additional revenues for the Mass Transit Account in the Highway Trust Fund and for purposes of reducing the deficit. Introduced in the House of Representatives, One Hundred First Congress, First Session, May 4, 1989
Displaced resources: Challenges to U. S. highway funding
Technical Report
·
Wed Oct 31 23:00:00 EST 1973
·
OSTI ID:7213664
H. R. 2233: A Bill to amend the Internal Revenue Code of 1986 to increase the gasoline tax for purposes of providing additional revenues for the Mass Transit Account in the Highway Trust Fund and for purposes of reducing the deficit. Introduced in the House of Representatives, One Hundred First Congress, First Session, May 4, 1989
Book
·
Sat Dec 31 23:00:00 EST 1988
·
OSTI ID:5237576
Displaced resources: Challenges to U. S. highway funding
Journal Article
·
Wed Aug 31 00:00:00 EDT 1994
· Energy Detente; (United States)
·
OSTI ID:6884273
Related Subjects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200* -- Energy Planning & Policy-- Economics & Sociology
294002 -- Energy Planning & Policy-- Petroleum
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320200 -- Energy Conservation
Consumption
& Utilization-- Transportation
AUTOMOTIVE FUELS
CONSTRUCTION
FEDERAL ASSISTANCE PROGRAMS
FUELS
GASOLINE
LIQUID FUELS
NATIONAL ORGANIZATIONS
PAVEMENTS
PETROLEUM PRODUCTS
ROADS
STATE GOVERNMENT
TAXES
TRANSPORTATION SECTOR
US DOT
US ORGANIZATIONS
290200* -- Energy Planning & Policy-- Economics & Sociology
294002 -- Energy Planning & Policy-- Petroleum
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320200 -- Energy Conservation
Consumption
& Utilization-- Transportation
AUTOMOTIVE FUELS
CONSTRUCTION
FEDERAL ASSISTANCE PROGRAMS
FUELS
GASOLINE
LIQUID FUELS
NATIONAL ORGANIZATIONS
PAVEMENTS
PETROLEUM PRODUCTS
ROADS
STATE GOVERNMENT
TAXES
TRANSPORTATION SECTOR
US DOT
US ORGANIZATIONS