Fuel Tax Only Option for Trillion Dollar Promise
The only way Trumps vision for a trillion-dollar investment to come to fruition, is through a fuel tax. The American Transportation Research Institute (ATRI) have published ” A framework for Infrastructure funding” that outlines where funding is at, and shows a stark contrast from expectation to reality. The ATRI believes that a Federal tax increase will encourage states to increase funding for infrastructure, helping the trillion dollar goal be exceeded. The Federal fuel tax has not been raised in nearly 2 decades, however nearly $63 Billion is lost yearly due to bottle-necking, and traffic congestion. Since the tax is assessed on a per gallon basis, it accurately affects people who are on the road more frequently.