Sunday, July 4, 2010

Matthew Yglesias » The Decline of the Gas Tax

Interesting observations from USA Today on the declining real value of the gasoline tax:

Holiday drivers will pay less than ever at the pump for upkeep of the nation’s roads — just $19 in gas taxes for every 1,000 miles driven, a USA TODAY analysis finds. That’s a new low in inflation-adjusted dollars, half what drivers paid in 1975.

Yglesias prefers raising gas taxes in order to reduce congestion and pollution.

Regardless of how you feel about this, I do think our policy debates would be better if these types of real versus nominal changes were more widely discussed and understood.

Posted via email from rhymeswithclown's posterous

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