A new Congressional Budget Office report was requested by Senator Kent Conrad, a democrat from North Dakota. He is the Chairman of the Senate Budget Committee. Conrad asked the CBO for ideas on transportation funding. Conrad wanted to know the best way to raise revenue since more and more cars are using less gas. Electric cars pay no gas tax currently. Gas taxes are the main revenue source for highway maintenance and up keep.
Conrad raised the specter of a vehicle miles traveled or VMT tax. Cars would have to be equipped with electronic meters that could track the miles traveled, peek driving time such as rush hour, and even the weight of the vehicle since larger vehicles do more damage to roads. The CBO said that the technology exists to do this. The question is, should it be done?
See more at The Hill