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Point of View: VMT tax is fairest remedy for roads upkeep (OPINION)

Point of View: VMT tax is fairest remedy for roads upkeep (OPINION)

NewsOK
BY IAN ADAMS
Published: Sat, May 19, 2018 12:00 AM

At a time when Oklahoma's infrastructure desperately needs repair, America's highways are in danger of going broke. The nonpartisan Congressional Budget Office estimates that the Highway Trust Fund will run out of money to pay its obligations by 2020. This could not come at a worse time, when Oklahoma's highways face an $11 billion maintenance backlog. Nationwide, $420 billion in repairs are needed just to maintain current highway quality.

A modern highway system is essential for a competitive economy. Companies decide where to open offices based on infrastructure and ease of movement. In a state like Oklahoma where widespread public transit is impractical, those needs must be addressed by improving the highways.

Building the infrastructure we need requires additional revenue. The federal gas tax of 18.4 cents per gallon has not been raised since 1993, while inflation has eroded its purchasing power and cars have become more fuel efficient. A modern driver pays less than a third in gas taxes of what her grandparents paid per mile driven once inflation and miles driven are taken into account... FULL ARTICLE

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