CBO report finds new CAFE standards would reduce gasoline tax by 21% in 2040; $57B drop to Highway Trust Fund from 2012-2022
Green Car Congress
MAY 3, 2012
In a new report, the Congressional Budget Office (CBO) finds that the fuel economy standards proposed for model years 2017 through 2025 would eventually reduce revenues from the gasoline tax by 21% in 2040. gasoline tax revenues, however, would not occur for. receipts from all sources. The full 21% reduction in. about 30 years.
Let's personalize your content