The proponents of the gas tax increase proposal claim that the current gas tax rate is too low and that without this proposed tax increase America’s interstates and highways could deteriorate to unseen levels caused by the growing budget deficits in the Highway Trust Fund. The advocates of using this option to repair the deficit state that with this route they would quickly balance the Highway Trust Fund by increasing its current revenue ...
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...ontinue the status quo. They both think the current system is broken and that is why they have proposed their drastically different ideas on how to accomplish this. The advocates on each side disagree where we should obtain the necessary revenues, either tollways or overseas profits. They also disagree on how long the slountion should last, the advocates of the overseas profit approach are more focused on the near to intermediate-term while the advocates of the tollway system are concentrated on the long-term.
Although all three options are vastly different they all seek to accomplish the same objective of fixing the Highway Trust Fund. This issue affects all Americans and can have huge implications for the economy and our well being. Hopefully by discussing these three options and the issue at hand, you better understand the reasons why this topic is so important.
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