Tag: Institute on Taxation and Economic Policy

Roadbuilding

Ill. doubles gas tax to fund $45 billion infrastructure, capital plan

Illinois is the fourth state this year to have increased gas taxes to address road and bridge needs. More information here on Equipment World.

July 8, 2019

Roadbuilding

Seven states set to increase fuel taxes starting in 2017

The Institute on Taxation and Economic Policy’s (ITEP) Tax Justice Blog reports seven states are set to increase gas taxes starting in 2017, with two states actually dropping gas taxes. The majority of the increase, four in total, are automatic changes set by formulas by the state legislatures, as it is for the two decreases. […]

December 29, 2016

Roadbuilding

With no plans to raise gas tax, Alabama will rely on 2015 bond issue for road projects

Gov. Robert Bentley says he has no plans to ask the Alabama legislature to raise the state’s 16-cent-per-gallon gas tax, responding to emailed questions submitted by The Tuscaloosa News. Instead, Alabama will look to a $508.5 million highway bond issue to finance highway projects, bonds that last week received a AAA rating from Standard & […]

December 15, 2014

Business

Better infrastructure, fully-funded transportation would cost Americans less than a coffee per month

Last week we showed you a couple of charts that show in a fairly straightforward way, that Americans, when compared to our global peers, don’t pay nearly enough for the roads we drive on. But a new report from the Institute on Taxation and Economic Policy (ITEP) examining federal fuel taxes takes things a step farther […]

October 1, 2013

Roadbuilding

Gas tax quiz

Pop quiz: What do you pay in federal fuel tax for every gallon of gas you buy? What percentage of the price of a gallon of gas comes from fuel taxes? No Googling! As the Institute on Taxation and Economic Policy points out, Americans are woefully short of understanding the factors that make up the […]

May 23, 2013