Federal Highway Trust Fund Could Run Dry This Month

Transportation Secretary Mary Peters is warning that the Federal Highway Trust Fund could run out of money by the end of this month, reports the AP. The fund is facing an $8.3 billion shortfall in projected revenues, primarily due to high gas prices reducing the amount of fuel purchased by American consumers. The… » 9/08/08 10:30am 9/08/08 10:30am

Hybrid SUVs Skip Gas-Guzzler Tax, Still Get Hybrid Credit Thanks To Tax…

GM's two-mode hybrids, the Tahoe and Yukon, along with Chrysler's versions, the Durango and Aspen, have come to an ironic intersection in the tax code: These vehicles are eligible for a hybrid tax credit, yet theoretically should also be hit with the gas-guzzler tax. Does that sound like the world's loopiest loophole… » 7/03/08 9:40am 7/03/08 9:40am

Proposed Gas Tax Holiday Panned As Gimmick; Also, Water Is Wet

Floating around the policy wonk-o-sphere and on the front page of most of the news dailies today is this idea of a temporary holiday on Federal gas taxes for the summer driving season. Presidential candidates Sen. John McCain (R-AZ) and Sen. Hillary Clinton (D-copycat) have hopped on the "good idea" bandwagon, while… » 4/30/08 4:00pm 4/30/08 4:00pm