The United States should consider exchanging the current federal gas tax for a 6 percent oil-security fee to fully fund the country's national infrastructure program.
The United States should consider exchanging the current federal gas tax for a 6 percent oil-security fee to fully fund the country's national infrastructure program.
The enactment of an oil security tax, based on the price of oil and paid by oil companies, coupled with a consumer gas tax could help maintain America’s struggling infrastructure and support the country’s global competitiveness.
The United States needs an innovative transportation revenue mechanism that will help to stabilize gas prices, restore solvency to a broke and broken program, and help America rebuild its infrastructure and economy.
America’s transportation system is failing: infrastructure is crumbling and more than $100 billion is added annually to the national deficit. Without reform, this failure poses a significant threat to America's economic, energy, and environmental security.
As Congress debates where and how much to cut the budget, distinct guideposts for investment in the U.S. infrastructure can be used to end wasteful spending and foster long-term economic growth.
While there are many legitimate disagreements regarding how to cut the U.S. deficit, deep cuts to the national infrastructure is more likely to hurt the country's long-term economic growth.