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by awalton
2094 days ago
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Hm, using your own link, I see "Federal aid to highways" totaled at $43,421,077,419, and I see "Total excise taxes" at $42,329,411,402. I do a subtraction and I see a $1,091,666,017 deficit. Seems to suggest that, in fact, the Highway System does not pay for itself, but rather we pay for it, no? (It get worse if I just use gasoline taxes and ignore the rest.) I do see their balances coming up positive though, thanks to a very massive balance transfer from the General Fund per the FAST act (https://www.congress.gov/bill/114th-congress/house-bill/22), straight from US taxpayers' wallets. I also see no mention to climate impact anywhere. $36 billion dollars of gas taxes at 18.3 cents per gallon suggests sales of nearly 200 billion gallons of gasoline were burned. That's a hell of a lot of climate damage that everyone's being forced to pay for. So, you were saying about us not subsidizing the IHS? |
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So the system is broken, but it has a simple fix, just raise the gas tax. We haven't done that since 1993 and it isn't indexed to inflation. This is something that should have been fixed years ago, but alas I don't control congress.
If you want to go even further and discuss the environmental impact, again the solution is more taxes.