Mint Press News: Low Oil Prices Prompt New Interest In Raising Gas Tax, Cutting Subsidies
media mention“Utah has gone almost 18 years without an increase in its gas tax, so instead they’ve increasingly spent money from their General Fund on transportation – spending less on education and human services,” Carl Davis, a senior analyst at the Institute on Taxation and Economic Policy (ITEP), told MintPress News.
Yet Davis notes that thinking in many states has started to change in recent years, moving toward both raising and restructuring gasoline taxes.
“The states aren’t looking at raising taxes because gas prices are low, but rather because we have a huge backlog of infrastructure projects that need to be dealt with,” he said.