This Tax Could Fund Our Highways—If It Were Ever Raised


by Institute for Local Self- on Jul 30, 2014 | Views: 65 | Score: 0
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Institute for Local Self-
Institute for Local Self- on Jul 28, 2014 9:49 PM said:

In 1956 the Highway Trust Fund was established with revenue generated from a dedicated fuel tax of 3 cents/gallon. Presidents Reagan and Bush Sr. each raised the tax by 5 cents per gallon. In 1993 President Clinton raised it by a little over 4 cents. And there, at 18.4 cents per gallon, it has remained for the last 21 years.