It’ll Cost How Much?
The report’s 2020 projections show that our surface transportation infrastructure deficiencies are expected to cost the national economy almost $900 billion in GDP, rising to $2.7 trillion through 2040.
“Moreover,” says the report,“as productivity deteriorates along with infrastructure degradation, more resources will be wasted in each sector. In other words, it may take two jobs to complete the tasks that one job could handle without delays due to worsening surface transportation.”
“The cost of the reform to taxpayers would be less than $1 per week, per vehicle.”
– John Horsley, who has just retired as executive director of the American Association of State Highway and Transportation Officials, proposing that Congress convert the “cents per gallon” federal excise tax on fuels to a sales tax on fuels.
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