Did you know that the gas tax brings in about $34 billion each year, but the government spends about $50 billion on infrastructure projects each year? Congress passes temporary patches to help with the funding of projects, but latest one is set to expire in May.
Instead of another patch, Transportation Secretary Anthony Foxx wants Congress to come up with a long-term answer, and that raising the gas tax isn’t it. And, he believes Congress will do it this year.
For more information, read The Hill’s article “Transportation chief sees ‘window’ for highway bill.”