As Congress seeks long-term funding solutions, one option lawmakers are considering is a vehicle miles traveled (VMT) tax. LANDLINE magazine (Oct. 21) reported the Congressional Budget Office (CBO) recently published its analysis of a VMT tax on commercial trucks. The report looks at the dynamics of such a tax, including benefits and disadvantages.
The report identified three main areas upon which lawmakers will need evaluate, including:
Click here to see the full CBO report.
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Photo: Steadily increasing truck traffic, including these semis traveling on an Indiana highway, will require various funding options to enable agencies to build and maintain durable highways. (Credit: American Concrete Pavement Association.)