Cato Video •

Randal O’Toole Discusses Refinancing Highways

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?