The Future of Federal Highway Finance: Diversions, Deficits, or Devolution?
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Thursday, May 17, 2012
Featuring Randal O’Toole, Senior Fellow, Cato Institute; Adrian Moore, Vice President of Policy, Reason Foundation; and Ron Utt, Adjunct Fellow, Maryland Public Policy Institute; moderated by Michael Tanner, Senior Fellow, Cato Institute.
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Amidst congressional debate over the future of federal surface transportation funding, one fact stands out: the gasoline tax is increasingly less viable as a source of highway user fees. Inflation, increasing fuel economy, and electric cars have eroded the amount drivers pay per mile by two-thirds
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