Raising Gas Taxes Won’t Fix Our Bridges
The I-35 bridge collapse in Minneapolis has revealed the ugly truth about our tendency to put off the maintenance of infrastructure. Indeed, the American Society of Civil Engineers estimates that our basic infrastructure needs an infusion of at least $1.5 trillion just to bring it into "good" condition.
Not surprisingly, many are calling for more funding to maintain our public infrastructure, including many proposals to infuse immediate cash into repairing bridges. Raising the federal and state gas taxes is one of the leading proposals.
Unfortunately, our infrastructure needs more than stop-gap financing. We need to ask the following questions first:
1. How did we get here?
2. Will a temporary boost in funding fix the problem?
3. What is the right way to deal with a funding crisis?