Saturday, March 26, 2011


CBO: Taxing mileage a 'practical option' for revenue enhancement
The Congressional Budget Office (CBO) this week released a report that said taxing people based on how many miles they drive is a possible option for raising new revenues and that these taxes could be used to offset the costs of highway maintenance at a time when federal funds are short.

The report discussed the proposal in great detail, including the development of technology that would allow total vehicle miles traveled (VMT) to be tracked, reported and taxed, as well as the pros and cons of mandating the installation of this technology in all vehicles.....

...On how to implement the idea, CBO said it is unclear how much it would cost to "install metering equipment in all of the nation's cars and trucks."...