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  • Former DOT Secretary LaHood: 'Let's Raise the Gas Tax'

    01/14/2014 9:59:19 AM PST · by IbJensen · 35 replies
    CNS News ^ | 1/14/2014 | Susan Jones
    (CNSNews.com) - Former U.S. Transportation Secretary Ray LaHood says unless Congress acts, the Highway Trust Fund will run out of money at the end of fiscal 2014 -- "because people are driving less, driving more fuel-efficient cars, and the gas tax hasn't been raised in many years." Monies in the Trust Fund fund -- derived mostly from excise taxes on gasoline and other fuels -- fund the federal government's highway and mass transit projects. "And if Congress doesn't step up and either increase the gas tax, they will have to take the money out of the general fund. And the...