The Option of an Oil Tax to Fund Transportation and Infrastructure

The Option of an Oil Tax to Fund Transportation and Infrastructure

Author: Keith Crane

Publisher: Rand Corporation

Published: 2011-02

Total Pages: 55

ISBN-13: 0833051822

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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.