* Indiana - Vehicle mileage tax is best option for long-term highway funding
--- A study that forecasts state and federal fuel tax revenues based on different fuel taxation policies found adoption of a vehicle mileage tax would best meet highway construction needs in the long run... Current taxes on gasoline and diesel, levied at a fixed cents-per-gallon rate, are the primary sources of transportation funding at the state and federal levels... But, due mainly to an increase in fuel economy and fuel tax rates that are not adjusted to inflation, revenue generated by those taxes is increasingly inadequate, according to the study... According to the study, fuel tax revenue will decline by up to 50.5 percent between 2015 and 2040 in states that do not adjust fuel taxes to inflation...
(Photo, by GREGORY BULL/AP: Nearly a third of all U.S. roads are in poor or mediocre condition, according to the American Society of Civil Engineers) -- Indianapolis. IND, USA - Phys.org - October 3, 2016Labels: infrastructures' funds
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