Thursday, December 8, 2011
Vehicle Miles Traveled (VMT) Road Tax Being Considered - What, do you think about this?
There has been a lot of talk recently of the possibility of a government imposed "vehicle miles traveled " (VMT) tax fee based system being part of our future, to help pay for our roadways.
A recent study by the U.S. Transportation Research Board showed that a VMT fee system would generate approximately 20% more transportation revenue by the year 2030.
Due to advances in technology, a pay-per-mile tax would now be possible for our government to impose a VMT-based fee system, that would most likely rely on some form of vehicle use monitoring.
Although, this would take time for any VMT tax to be adopted and set in motion. The VMT fee based system adoption would definitely change our lives in many, many ways.
If you would like to see the full story as reported by CNN, please follow the link below:
What are your thoughts on the VMT fee system?