Obama Proposes Tolls on Interstates Across Nation
Has there ever been a new tax that Obama doesn’t like?
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As with many federal accounts, the Highway Trust Fund is running on empty. Refilled with the 18.4-cent per gallon gas tax and disbursed by politicians and bureaucrats in Washington, the federal highway fund faces a $63 billion shortfall through 2018. Texas gets $2-3 billion per year from the fund which goes towards the roughly $7 billion in yearly Texas Department of Transportation expenditures.
A shortage of funds tends to concentrate the mind—which is why the White House just proposed lifting an old federal restriction against tolling on 46,000 miles of interstate roads. This would allow states to collect tolls on federal interstates for the purpose of funding repairs and expansion.
Organized labor loves the idea as they expect to get the added work at inflated prevailing wages mandated by federal law.
Folks who own the companies that pour concrete love the idea, as they expect to get the new contracts, coupled with reforms to streamline environmental permitting
State transportation officials love the idea as they see bigger budgets.