"When you see that in order to produce, you need to obtain permission from men who produce nothing; when you see that money is flowing to those who deal not in goods, but in favors; when you see that men get rich more easily by graft than by work, and your laws no longer protect you against them, but protect them against you, you may know that your society is doomed." - Ayn Rand
Wednesday, November 22, 2017
Categories Unreal Headlines Taxing for Highways, Paying for Bike Lanes - Before Congress raises the gas tax, it should make the Highway Trust Fund more about fixing highways.
“You’d think that after the phrase “bridge to nowhere” became synonymous with Washington’s waste and excess, lawmakers would avoid anything reminiscent of that misbegotten spending project in Alaska. But now we have the “Bridge to Sustainable Infrastructure Act,” which is nowhere near as worthwhile as its bipartisan sponsors in the House would like Americans to think. ...

... Enter the gas tax hike bill’s authors, led by Reps. Jim Renacci (R., Ohio), Bill Pascrell (D., N.J.), Reid Ribble (R., Wis.), and Dan Lipinski (D., Ill.). Their proposal indexes gas taxes to inflation, all but guaranteeing annual tax increases. It also provides for additional and more dramatic gas tax hikes—potentially reaching as high as 42%—if Congress does nothing else to refill the Highway Trust Fund’s expected $168 billion shortfall.

But before considering any policy that would raise additional revenue, Congress should first reform where the fund’s money goes. The Highway Trust Fund now pays for a plethora of projects that have little to do with highways. According to a 2013 analysis by the Heritage Foundation, at least 20% of gas-tax revenues in recent years went toward other programs, from light rail to bike lanes to landscaping projects. Some funds even went toward establishing transportation museums.

Hence the financial problems.”

dlmReport has shared these facts with our participants many times. We're gratified that the Wall Street Journal is now sharing the same information and is exposing the insidious manner in which professional politicians and career bureaucrats take tax dollars that are to be designated specifically for highway use, but is diverted to 'crony-projects' that can not otherwise garner the necessary support to be self-sustaining -

FULL STORY

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