The 26-page study is entitled (none to cleverly) “Alternative Approaches to Funding Highways” and goes into some detail regarding the new tax scheme and the benefits and challenges thereof.
Saturday, 26 March 2011 13:35
CBO Recommends Taxing Drivers for Miles TraveledWritten by Joe Wolverton, II, J.D.
The Congressional Budget Office (CBO) has a suggestion for raising money to fix the nation’s highways: tax drivers based on how many miles they drive each year.
In a report written in response to a request from Senate Budget Committee Chairman Kent Conrad (D-North Dakota), the CBO laments about the shortfall in the federal budget’s appropriation for highway maintenance and reckons it’s time drivers start footing the bill based on how often their foot is on the gas pedal. The driver would be charged according to the number of vehicle miles traveled (VMT) above that which he is allowed under appropriately promulgated guidelines.