The Option of an Oil Tax to Fund Transportation and Infrastructure
Business & Finance, Industries & Professions, Industries
| Author: | Keith Crane, Nicholas Burger, Martin Wachs | ISBN: | 9780833051820 |
| Publisher: | RAND Corporation | Publication: | February 22, 2011 |
| Imprint: | RAND Corporation | Language: | English |
| Author: | Keith Crane, Nicholas Burger, Martin Wachs |
| ISBN: | 9780833051820 |
| Publisher: | RAND Corporation |
| Publication: | February 22, 2011 |
| Imprint: | RAND Corporation |
| Language: | English |
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.
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.
