[PDF.64ry] The Option of an Oil Tax to Fund Transportation and Infrastructure (Occasional Papers)
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The Option of an Oil Tax to Fund Transportation and Infrastructure (Occasional Papers)
Keith Crane, Nicholas Burger, Martin Wachs
[PDF.ho72] The Option of an Oil Tax to Fund Transportation and Infrastructure (Occasional Papers)
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| #4647159 in eBooks | 2011-02-22 | 2011-02-22 | File type: PDF||From the Inside Flap|This paper discusses using an oil tax to fund U.S. transportation infrastructure, identifies the decisions Congress would need to make in designing such a tax, and outlines some of the likely implications of adopting an oil tax.|
Federal spending on surface-transportation infrastructure outpaces federal taxes on gasoline and diesel fuel. Increasing fuel efficiency means that fuel-purchase expenditures have dropped, so real revenue generated from these taxes has declined. A percentage tax on crude oil and imported refined-petroleum products consumed in the United States could fund U.S. transportation infrastructure.
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