Does the last-minute fiscal cliff make it easier or harder to increase the federal gas tax in this Congress?
The Congressional Budget Office estimates that current spending levels will exceed gas tax revenues by $110 billion between 2014 (when MAP-21 expires) and 2022. That leaves four options: reduce spending significantly, increase the gas tax, increase general fund transfers, or a combination of the options. None are particularly acceptable to Members in both parties.
Here’s why the fiscal cliff deal could reduce the odds for increasing the gas tax:
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