Download or read book The Option of an Oil Tax to Fund Transportation and Infrastructure written by Keith Crane and published by Rand Corporation. This book was released on 2011 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses using an oil tax to fund U.S. transportation infrastructure. The paper discusses the pros and cons of an oil tax to take the place of the current gasoline and diesel taxes.
Download or read book The Option of an Oil Tax to Fund Transportation and Infrastructure written by Keith Crane and published by Rand Corporation. This book was released on 2011-02 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: Federal spending on surface-transportation infrastructure outpaces federal taxes on gasoline and diesel fuel. Increasing fuel efficiency means that fuel-purchase expenditures have dropped, so real revenue generated from these taxes has declined. A percentage tax on crude oil and imported refined-petroleum products consumed in the United States could fund U.S. transportation infrastructure.
Download or read book Structure of the Federal Fuel Tax and the Long term Viability of the Highway Trust Fund written by United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Highways and Transit and published by . This book was released on 2007 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oil and Gas Tax Provisions written by United States. Congress. Senate. Committee on Finance. Subcommittee on Energy, Natural Resources, and Infrastructure and published by . This book was released on 2009 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Fuel Tax and Alternatives for Transportation Funding written by National Research Council (U.S.). Committee for the Study of the Long-Term Viability of Fuel Taxes for Transportation Finance and published by Transportation Research Board National Research. This book was released on 2006 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Primer on Motor Fuel Excise Taxes and the Role of Alternative Fuels and Energy Efficient Vehicles written by and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Motor fuel taxes were established to finance our nation's transportation infrastructure, yet evolving economic, political, and technological influences are constraining this ability. At the federal level, the Highway Trust Fund (HTF), which is primarily funded by motor fuel taxes, has become increasingly dependent on general fund contributions and short-term reauthorizations to prevent insolvency. As a result, there are discussions at both the federal and state levels in which stakeholders are examining the future of motor fuel excise taxes as well as the role of electric and alternative fuel vehicles in that future. In 2015 alone, five states began to implement increases in their motor fuel tax rates. The current state of transportation infrastructure funding has placed the policies of vehicle efficiency and petroleum use reduction at direct odds with those promoting robust transportation infrastructure. The increase in federal fuel efficiency standards for vehicle model years 2017 through 2025 is projected to provide a benefit to the U.S. economy of between $372 and $507 billion by 2025 (NHTSA 2012), but fuel tax revenues are projected to decrease by $57 billion by 2022 (Dinan and Austin 2012). Additionally, the current method of calculating fuel taxes is based on volumetric measures or rough equivalencies, which does not always account for the energy content of the fuel, and the related distance traveled, as a direct indicator of a vehicle's impact on infrastructure. This penalizes a number of alternative, non-petroleum fuels. Furthermore, the introduction of plug-in electric vehicles into the consumer market (along with the option to charge at home, thereby largely avoiding fuel taxes) is directly cutting into transportation revenues. Accordingly, emerging technology raises important questions about collection mechanisms for motor fuel excise taxes. Decisions are being made or considered that may ultimately favor energy, transportation, or environmental outcomes and it will be important for decision makers to understand inherent trade-offs. A number of states are looking at or have already implemented legislation that bases fuel taxation on the energy content of a fuel and/or have established fees to recover lost fuel revenues from alternative fuel and electric vehicles. These mechanisms, while limited in their ability to solve broader funding questions, can help to contribute to a greater tax parity among motor fuels and vehicle technologies. However, they can only do so if implemented in a way that balances a number of trade-offs. If implemented incorrectly, these mechanisms could have the unintended consequence of favoring certain fuels, vehicle technologies, and types of uses over others. Beyond traditional motor fuel taxes, states and provinces are implementing or piloting other innovative funding mechanisms. For example, Virginia replaced their fuel excise tax with an indexed sales tax, allowing for adjustments to account for inflation. In July 2015, Oregon began piloting a tax on miles traveled as an alternative metric for taxing infrastructure use. British Columbia has implemented a carbon tax on motor fuels under its greenhouse gas regime. The experiences of these states and provinces, among others, are increasing the number of tools and knowledge available to policymakers who hope to align their energy and environmental priorities with adequate highway funding.
Download or read book The U S Federal Gasoline Tax written by David Besanko and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Although the federal gasoline tax played multiple roles in financing surface transportation infrastructure in the United States, experts did not agree on the tax's purpose. Some argued that it was essentially a fee for users of the nation's federally supported highways. Others suggested that it should play a more prominent role in environmental, energy, and transportation policy by correcting for driving-related externalities. Still others suggested that it should be used to reduce the federal budget deficit. Finally, the tax itself had remained at the same level since 1993, and with the Highway Trust Fund virtually insolvent, many experts believed it was time for an increase. The case presents a background on the U.S. federal gasoline tax, an overview of the market for gasoline in the United States, and survey of gasoline taxes in U.S. states as well as several other countries around the world.
Download or read book The Taxation of Petroleum and Minerals written by Philip Daniel and published by Routledge. This book was released on 2010-04-15 with total page 471 pages. Available in PDF, EPUB and Kindle. Book excerpt: Oil, gas and mineral deposits are a substantial part of the wealth of many countries, not least in developing and emerging market economies. Harnessing some part of that wealth for fiscal purposes is critical for economic development: in few areas of economic life are the returns to good policy so large, or mistakes so costly.
Download or read book Taxation of Petroleum Products written by Mrs.Poonam Gupta and published by International Monetary Fund. This book was released on 1994-03-01 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: The domestic taxation of petroleum products is an important source of revenue in most countries. However, there is a wide variation of tax rates on petroleum products across countries, which cannot be explained by economic theory alone. This paper surveys different considerations advanced for taxing petroleum and presents petroleum tax rate data in 120 countries. It concludes that a significant reduction in the present extremely wide variation in petroleum prices and tax rates appears warranted.
Download or read book Long term Financing Options for the Highway Trust Fund Including Member Proposals written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Select Revenue Measures and published by . This book was released on 2011 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Transport Beyond Oil written by John L. Renne and published by Island Press. This book was released on 2013-03-28 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seventy percent of the oil America uses each year goes to transportation. That means that the national oil addiction and all its consequences, from climate change to disastrous spills to dependence on foreign markets, can be greatly reduced by changing the way we move. In Transport Beyond Oil, leading experts in transportation, planning, development, and policy show how to achieve this fundamental shift. The authors demonstrate that smarter development and land-use decisions, paired with better transportation systems, can slash energy consumption. John Renne calculates how oil can be saved through a future with more transit-oriented development. Petra Todorovitch examines the promise of high-speed rail. Peter Newman imagines a future without oil for car-dependent cities and regions. Additional topics include funding transit, freight transport, and nonmotorized transportation systems. Each chapter provides policy prescriptions and their measurable results. Transport Beyond Oil delivers practical solutions, based on quantitative data. This fact-based approach offers a new vision of transportation that is both transformational and achievable.
Download or read book Fiscal Regimes for Extractive Industries Design and Implementation written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2012-08-16 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Better designed and implemented fiscal regimes for oil, gas, and mining can make a substantial contribution to the revenue needs of many developing countries while ensuring an attractive return for investors, according to a new policy paper from the International Monetary Fund. Revenues from extractive industries (EIs) have major macroeconomic implications. The EIs account for over half of government revenues in many petroleum-rich countries, and for over 20 percent in mining countries. About one-third of IMF member countries find (or could find) resource revenues “macro-critical” – especially with large numbers of recent new discoveries and planned oil, gas, and mining developments. IMF policy advice and technical assistance in the field has massively expanded in recent years – driven by demand from member countries and supported by increased donor finance. The paper sets out the analytical framework underpinning, and key elements of, the country-specific advice given. Also available in Arabic: ????? ??????? ?????? ???????? ???????????: ??????? ???????? Also available in French: Régimes fiscaux des industries extractives: conception et application Also available in Spanish: Regímenes fiscales de las industrias extractivas: Diseño y aplicación
Download or read book Improving and Reforming the Nation s Surface Transportation Programs written by United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Highways and Transit (2007- ) and published by . This book was released on 2011 with total page 680 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Counsel for the Situation written by William T. Coleman and published by Brookings Institution Press. This book was released on 2010-10-01 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Bill Coleman's story is one that younger generations should mark and inwardly digest, lest they forget the pioneers who helped to make a better America possible." —From the Foreword by Stephen G. Breyer William Coleman has spent a lifetime opening doors and breaking down barriers. He has been an eyewitness to history; moreover, he has made history. This is his inspiring story, in his own words. Americans of color faced daunting barriers in the 1940s. Despite graduating first in his class at Harvard Law and clerking for Supreme Court Justice Felix Frankfurter, Coleman was shut out of major East Coast law firms. But as the Philadelphia native writes, "The times, they were a'changing." He not only benefited from that change—he helped propel it, by way of dogged determination, undeniable intellect, and stellar accomplishment. Coleman's legal work with Thurgood Marshall and the NAACP Legal Defense and Educational Fund helped jumpstart the civil rights movement in the 1950s. He was the first American of color to clerk for the Supreme Court, and later served as senior counsel to the Warren Commission, investigating the assassination of President John F. Kennedy. In 1975 he was appointed secretary of transportation by President Gerald Ford—the first American of color to serve in a Republican cabinet—and in 1995 he received the Presidential Medal of Freedom from Bill Clinton. At his core, Bill Coleman is a lawyer. He strives to be a "counsel for the situation"—an advocate able to take on major matters in a variety of legal disciplines while upholding the highest traditions of justice and the public interest. He is fiercely proud of the legal profession's role in a democratic society and free economy, and he is grateful for the opportunities that profession has afforded him in the court room, the board room, and the corridors of power. It is through this prism that he relates his own story—his life and the law. The results speak for them
Download or read book Administration s Fiscal Year 1983 Economic Program written by United States. Congress. House. Committee on Ways and Means and published by . This book was released on 1982 with total page 812 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financing Surface Transportation in the United States written by Benjamin Gerry Perez and published by Transportation Research Board. This book was released on 2012 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: "TRB's Conference Proceedings 48: Financing Surface Transportation in the United States: Forging a Sustainable Future--Now summarizes a May, 2010 conference that focused on developments in innovative funding techniques and options for securing continued revenue to support national infrastructure and mobility needs. Views presented in Conference Proceedings 48 reflect the opinions of the individual participants and are not necessarily the views of all conference participants, the planning committee, TRB, or the National Research Council."--Publisher's description.
Download or read book Public Transportation written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 2012 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt:
