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Report: Higher gas tax needed to restore US highways

from Bloomberg

As much as $70 billion annually will be needed over the next two decades to upgrade U.S. interstate highways, far above the $25 billion now being spent, according to a new report from the National Academies of Sciences, Engineering and Medicine. The authors conclude that Congress should create a program modeled after the original interstate construction effort and increase U.S. fuel taxes — currently at 18.4 cents a gallon for gasoline and 24.4 cents for diesel — while allowing them to increase with inflation. Other recommendations include lifting the current restriction on adding tolls to existing general-purpose interstates and preparing for new funding and financing mechanisms such as charging motorists per mile traveled as well as accounting for the rise of automated vehicles and climate change. more

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