1.

Record Nr.

UNINA9910220128603321

Autore

Crane Keith <1953->

Titolo

The option of an oil tax to fund transportation and infrastructure / / Keith Crane, Nicholas Burger, Martin Wachs

Pubbl/distr/stampa

Santa Monica, CA, : RAND, 2011

ISBN

1-283-13581-7

9786613135810

0-8330-5183-0

Edizione

[1st ed.]

Descrizione fisica

1 online resource (48 p.)

Collana

Occasional paper  The option of an oil tax to fund transportation and infrastructure

Altri autori (Persone)

BurgerNicholas

WachsMartin

Disciplina

336.2/785532820973

Soggetti

Petroleum - Taxation - Economic aspects - United States

Transportation - Finance

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

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

Sommario/riassunto

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.