From the Bloomber News Service (With Gas Tacx on Empty U.S. Must Find New Way to Tax Roads, February 26, 2012), click here — we quote:
“. . . [T]he Highway Trust Fund, which gets the bulk of its revenue from a federal excise tax on gasoline of 18.4 cents per gallon, is nearly bankrupt. Because the tax isn’t adjusted for inflation, and has been pegged at the same rate since 1993, it has covered less and less of U.S. transportation spending. The Congressional Budget Office says the trust fund could be insolvent as soon as October.”