CBO – The Highway Trust Fund and Paying for Highways

by Sabrina I. Pacifici on May 17, 2011

The Highway Trust Fund and Paying for Highways – May 17, 2011, – Testimony before the Committee on Finance, United States Senate

  • “The United States spends about $160 billion annually on highways, with about one-fourth of that total, or roughly $40 billion, coming from the federal government. Federal highway spending is funded mainly through taxes on gasoline and other
    motor fuels that accrue to the Highway Trust Fund. In recent years, the Congress has spent more on highways than the revenues accruing to the fund for that purpose, and it has supplemented the trust fund’s balance with money from the general fund of the Treasury.”
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