Monday, May 1, 2017

Trump may raise the gas tax to help fix America's crumbling roads

Trump may raise the gas tax to help fix America's crumbling roads
By Cadie Thompson

LA Crumbling RoadsMario Anzuoni/Reuters

President Donald Trump said on Monday that he would consider increasing the federal gasoline tax as long as the proceeds go to improvements for US highways, Bloomberg News reported. 

"It's something that I would certainly consider," Trump told Bloomberg. "The truckers have said that they want me to do something as long as that money is earmarked to highways."

Currently, the federal tax on gasoline is 18.4 cents per gallon and the tax on diesel is 24.4 cents per gallon. 

Hiking the gasoline tax would certainly be a hotly debated issue because of the impact it would have on US consumers' pocketbooks. But there's no getting around the fact that America's highways and other critical infrastructure systems are in dire need of costly repairs. 

According to the American Society of Civil Engineers' 2017 Infrastructure Report Card, which is published every four years, US infrastructure gets a D+ grade. It got the same grade in 2013. 

The ASCE estimates the US needs to spend some $4.5 trillion by 2025 to improve the state of the country's roads, bridges, dams, airports, schools, and more. 

The report breaks down the state of infrastructure in 16 different categories. Here's a look at how each segment of America's infrastructure scored, according to the ASCE report. 

Aviation: D

Reuters/Lucas Jackson

Airports and air traffic control systems are in serious need of an update, the report found. 

With some two million people per day coming through US airports, congestion is becoming a major problem. In fact, the report estimates that 24 out of the top 30 airports in the US could soon hit "Thanksgiving-peak traffic volume" one day a week. 

Bridges: C+

Matt Rourke/AP Photo

US bridges are aging. 

Out of the 614,387 bridges in the US, more than 200,000 are more than 50 years old. 

The report estimates it would cost some $123 billion just to fix the bridges in the US. 

Dams: D

Rich Pedroncelli/AP Photo

According to the report, there were some 15,500 high-hazard dams in the US in 2016. 

See the rest of the story at Business Insider

May 1, 2017 at 03:16PM
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