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Projections of Revenues for the Highway Trust Fund Form
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People also ask
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How much is expected to be required by the Highway Trust Fund to maintain existing construction by 2030?
The correct answer is about $100 billion. The Highway Trust Fund is a source of funding for the maintenance and construction of highways and transit programs in the United States. By 2030, it is estimated that approximately $100 billion will be required to maintain existing construction.
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What is the problem with the Highway Trust Fund?
But the biggest reason for the Highway Trust Fund's looming insolvency is Congress, which has failed to increase the rates of highway user taxes or to cut spending to match the available revenue.
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Why should we keep the Highway Trust Fund?
By keeping our transportation infrastructure modern and efficient, the Highway Trust Fund helps improve national mobility and grow our economy. WHERE DOES THIS MONEY COME FROM? Drivers pay a federal gas tax that acts as a user fee, which helps pay for road upkeep. WHO DECIDES WHERE THE MONEY GOES?
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What is the revenue of the Highway Trust Fund?
The Congressional Budget Office (CBO) estimates that Highway Trust Fund tax revenue will total $43 billion in fiscal year 2023 (figure 1).
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Why should we keep the Highway Trust Fund?
By keeping our transportation infrastructure modern and efficient, the Highway Trust Fund helps improve national mobility and grow our economy. WHERE DOES THIS MONEY COME FROM? Drivers pay a federal gas tax that acts as a user fee, which helps pay for road upkeep. WHO DECIDES WHERE THE MONEY GOES?
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What is the revenue of the Highway Trust Fund?
The Congressional Budget Office (CBO) estimates that Highway Trust Fund tax revenue will total $43 billion in fiscal year 2023 (figure 1).
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What is the deficit of the Highway Trust Fund?
As gas tax revenues continue to decline due to factors like increased vehicle fuel efficiency and electric vehicles, so does funding for the HTF, which is forecasted to become completely insolvent by 2028 and carry a roughly $135 billion deficit by 2031.
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How much is expected to be required by the Highway Trust Fund to maintain existing construction by 2030?
The correct answer is about $100 billion. The Highway Trust Fund is a source of funding for the maintenance and construction of highways and transit programs in the United States. By 2030, it is estimated that approximately $100 billion will be required to maintain existing construction.
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