Highway Happenings
07/09/2014 | | Capitol Hill, econ70, Economic forecasting, economist on radio, economist on TV, eisenberg and economics, Eisenberg and housing economics, Eisenberg and public speaking, Elliot eisenberg, funniest economist, funny housing economist, Graphsandlaughs, graphsandlaughs and eisenberg, Highway Trust Fund, housing sales, MLS, mortgage banking, Multiple listing service, politics and economics, Public speaking economist, www.econ70.com
In a display of bi-partisan common sense rarely seen on Capitol Hill, short-term financing to help the virtually depleted Highway Trust Fund (HTF) through next year seems likely. The HTF is financed by a gas tax of 18.4 cents/gallon that hasn’t been increased since 1993. Adjusted for inflation, it would be 30 cents. The tax must be raised and electric/hybrid cars must also be made to pay. No free riding!