Revenue Drop
It seems the price-induced reductions in miles driven we're experiencing is significant enough that it's producing a shortfall in gas tax money going into the Highway Trust Fund. In response, I would note that John McCain's call for a gas tax "holiday" seems likely to exacerbate this problem significantly. On top of that, it seems to me that this would be an opportune moment to revisit some of our national priorities. With Trust Fund revenue falling, we ought to… More »


