About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline

1 Kyle Pomerleau, Options to Fix the Highway Trust Fund 1 (2015)

handle is hein.taxfoundation/opfxhtf0001 and id is 1 raw text is: 




TAXO
FOUNDATION

FISCAL
FACT
Mar. 2015
No. 456


Options to Fix the Highway Trust Fund


By   Kyle   Pomerleau
      Economist

 Key  Findings

     *  The Highway Trust Fund is facing an estimated $168 billion shortfall
        over the next decade and absent any general fund transfers will run out
        of funds by mid-year 2015, due to increased spending and an eroding
        gas tax.

     *  Lawmakers on both sides of the aisle have put forth permanent
        solutions, but political differences will likely mean lawmakers will opt to
        pass poor temporary policy such as pension smoothing and deemed or
        voluntary repatriation in order to keep the trust fund from going broke.

     *  If lawmakers decide to look for revenue for the trust fund, their source
        of revenue should be long-term and conform to the benefit principle.

     *  One option is to increase the gas tax by about $168 billion over the
        next decade while cutting another tax by the same amount.


*  This paper models the impact of raising the gas tax and offsetting it with
   one of five different tax cuts on GDP and the distribution of taxes paid.


.........................................................................................................................

What Is HeinOnline?

HeinOnline is a subscription-based resource containing nearly 3,000 academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Already a HeinOnline Subscriber?

profiles profiles most