Let Gas Taxes Pay for Infrastructure Fixes

Publication Date

8-8-2007

Document Type

Article

Organizational Units

Sturm College of Law

Keywords

Gas tax, Infrastructure, Gas prices

Abstract

Although gas prices are lower today in inflation-adjusted dollars than they were a quarter of a century ago, few politicians have resisted the urge to exploit consumer angst about gas prices. Their solution? To impose extra taxes on oil companies that will necessarily be reflected in the price of gas at the pump. The problem with that solution, however, is that these higher gas taxes will simply end up in the bottomless pit of general revenues rather than being earmarked for improvements to the U.S.'s collapsing infrastructure.

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