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A bi-partisan Congressionally-created commission has recommended a shift from motor fueltaxes to direct fees charged to transportation infrastructure users—i.e., a federal mileage fee—as a way to reform financing of the US transportation infrastructure. The nation faces a crisis. Summary of revenue options. Click to enlarge.
During the flexible price period, an overall cap will be placed on Australia’s annual greenhouse gas emissions from all sources of pollution covered by the carbon price. Economists and experts agree that the best way is to make polluters pay by putting a price on carbon. the trading scheme. —Prime Minister Gillard.
The US has up to now adhered to the user-fee principle in financing transportation infrastructure—i.e., users pay for the construction and maintenance of roads via a federal fueltax. In the meantime, cars and trucks have become more fuel-efficient. States use similar mechanisms. —Huang et al.
Senate Finance Committee Chairman Max Baucus (D-Mont.) introduced the latest in a series of discussion drafts to overhaul the US tax code. This new staff discussion draft focuses energy tax policy on stimulating domestic, clean production of electricity and transportation fuels, which account for 68% of energy consumed in the US.
The new goal is that efficiency standards for appliances and federal buildings set in the first and second terms combined will reduce carbon pollution by at least 3 billion metric tons cumulatively by 2030—equivalent to nearly one-half of the CO 2 emissions from the entire US energy sector for one year.
The eagerness to reward green car buyers for their purchases now looks likely to extend to Israel, where the finance ministry is planning new regulations on car purchasing according to Reuters. The changes planned are meant to alleviate increasing air pollution as well as save energy costs.
” – March 7, Business Insider via Yahoo Finance. Minnesota State Senator Proposes Electric FuelTax – As more residents of Minnesota buy electric vehicles gas tax revenue will decline causing the state to find a way to replace the gas tax money it uses to pay for roads and bridges, said Central Minnesota Sen.
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