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> roads are BY FAR the most expensive part of infrastructure you mentioned - and those are financed by gasoline taxes. Do you have any sources for that? I'm in
by askvictor 4y ago
> roads are BY FAR the most expensive part of infrastructure you mentioned - and those are financed by gasoline taxes.
Do you have any sources for that? I'm in Australia, where fuel costs about twice what it does in the US. A decent portion of that is taxes/duties, but road spending is taken from consolidated revenue, and fuel taxes ultimately contribute a minority of the spending on roads. So unless the cost of fuel production is massively lower in the US, something doesn't add up.
- loeg 4y agoGP is likely talking about US federal gas taxes -> Highway Trust Fund -> Federal highway spending. Notably, though, the HTF spends more than it earns in gas tax revenue; the shortfall comes from the general fund. And also Federal highway spending does not cover all highway spending; the rest comes from the states[1][3]. Federal highway spending also does not cover local roads at all. [1]: https://www.cbo.gov/sites/default/files/images/full-reports/2021/57110-fig3_public-spending.png https://www.cbo.gov/sites/default/files/images/full-reports/... [2]: (Above image from https://www.cbo.gov/publication/57138 https://www.cbo.gov/publication/57138 ) [3]: https://frontiergroup.org/resources/who-pays-roads/ https://frontiergroup.org/resources/who-pays-roads/