Thread: Economics The Fiscal Cliff Approacheth
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Old 11-23-2012, 11:45 AM   #214
Direckshun Direckshun is offline
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Talk of raising the gas tax is on the table.

Quote:
The federal gas tax was last raised in 1993 and 1990, each time as part of a deficit-reduction plan. After failing for years to overcome public opposition, supporters of another increase see the current talks as a once-in-a-generation chance to raise the tax.
Quote:
The U.S. government spends roughly $52 billion a year on highway and transit projects, but the gasoline tax is generating only about $37 billion annually.
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