Randal O’Toole Discusses Refinancing Highways

June 21, 2012
Amidst congressional debate over the future of federal surface transportation funding, one fact stands out: the gasoline tax is increasingly less viable as a source of highway user fees. Inflation, increasing fuel economy, and electric cars have eroded the amount drivers pay per mile by two-thirds since 1956, when Congress created the Interstate Highway System. What are the alternatives? What is the future of highway financing?

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