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The option of an oil tax to fund transportation and infrastructure / Keith Crane, Nicholas Burger, Martin Wachs.
- Format:
- Book
- Author/Creator:
- Crane, Keith, 1953-
- Series:
- Occasional paper The option of an oil tax to fund transportation and infrastructure
- Language:
- English
- Subjects (All):
- Petroleum--Taxation--Economic aspects--United States.
- Petroleum.
- Transportation--Finance.
- Transportation.
- Physical Description:
- 1 online resource (48 p.)
- Edition:
- 1st ed.
- Place of Publication:
- Santa Monica, CA : RAND, 2011.
- Language Note:
- English
- Summary:
- 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.
- Contents:
- Title Page; Copyright; Preface; Contents; Figures; Tables; Summary; Acknowledgments; Abbreviations; Section 1: Introduction; Section 2: Why Tax Oil?; Gasoline and Diesel Taxes Are Insufficient to Pay for Roads; Legislators Have Been Unwilling to Raise Gasoline and Diesel Taxes; Design and Benefits of a Tax on Oil; Section 3: How Much Might Oil Be Taxed?; Revenue Needs; Externalities; Damage to the Environment; Costs of Defending Foreign Sources of Oil and Transit; Monopsony Premium; A Potential Tax Rate for Oil; Section 4: Who Would Pay the Tax?
- Distribution of the Tax Among Consumers, Refiners, and Domestic and Foreign ProducersDistributional Effects of an Oil Tax; Implications That the Proposed Tax Could Have for Transportation Appropriations; Link the Tax to the Highway Trust Fund; Apportion the Revenue According to Its Use; Abandon the Trust Fund in Favor of General-Fund Financing; Implementation; Setting the Tax; Phasing In the Tax; Conclusion; Appendix: Gasoline Prices and Federal Tax History, 1949-2008; Bibliography
- Notes:
- Description based upon print version of record.
- Description based on publisher supplied metadata and other sources.
- Includes bibliographical references.
- ISBN:
- 1-283-13581-7
- 9786613135810
- 0-8330-5183-0
- OCLC:
- 721195156
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