Reauthorizing Federal Highway Programs: Issues and Options

Congressional Budget Office

No 56346, Reports from Congressional Budget Office

Abstract: Federal spending for highways, which totaled $46 billion in 2019, is funded primarily by revenues credited to the Highway Trust Fund. But those revenues are falling short of spending from the fund. If the taxes that are credited to the trust fund were continued at their current rates and funding for highway and transit programs increased annually at the rate of inflation, the cumulative shortfall in the trust fund would reach $189 billion by 2030, CBO estimates.

JEL-codes: H20 H25 H54 R40 R42 R48 (search for similar items in EconPapers)
Date: 2020-05-21
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