Clunkers law to siphon $920 million from highway fund

|  August 11, 2009 |

Welcome to the law of unintended consequences. The math is simple although one doubts Congress bothered. When you replace gas guzzlers with more efficient vehicles you reduce gas consumption which reduces the amount of gas tax money going into the six year highway trust fund.

The $920 million estimated here is actually chump change compared to the hit the trust fund will take in a few years when hybrids and electric cars become common place.  Congress hasn’t had the courage to raise the gas tax in two decades. What do you think they’re going to do when receipts are cut by 25 or 30 percent?

advertisement
More About: 

Do you want some tips to stay safe on the job site?

Equipment World has created an entire section devoted to safety.

Click here to check it out. »

 

Here are the most recent tips we've posted:

Treacherous tire repair: Taking shortcuts can lead to disastrous results

Don’t enter unprotected trenches: Following proper procedure minimizes cave-in risk

advertisement
advertisement
advertisement
advertisement