Sneaky New Tax
Government has figured out that instead of solving congestion, they can manipulate it for a profit (by keeping your free lanes congested and forcing people to pay a premium to get mobility). They're terrified to raise the gas tax, but have no problem imposing tolls on all new capacity to our roads, even on EXISTING lanes that we travel today without tolls.
It costs 1-2 cents per mile to travel a gas tax funded freeway, but anywhere from 20 cents a mile up to 75 cents per mile to use a toll lane. It's an explosion in our cost to travel. A gas tax funded road costs PENNIES a day, a toll road costs DOLLARS a day and THOUSANDS more in new taxes per year.
The way toll roads are being financed today, ALL Americans are paying to build them through subsidies of taxpayer money like gas tax, but you won't be able to use them without paying a toll, too (a DOUBLE TAX)! So whether you can afford to take these toll lanes or not, you're paying for them. This notion that tolls are user fees is a myth when you look at how heavily they're subsidized by ALL taxpayers. You're also paying for them through a higher cost of goods that gets passed onto consumers.
Selling us out
Both the House and Senate versions of the federal highway bill, dubbed the American Energy & Infrastructure Jobs Act, include public private partnerships (or PPPs) that sell-off our public roads to private corporations in 50-99 year government-sanctioned toll road monopolies. PPPs use heaps of public money to socialize the losses, while they privatize and GUARANTEE profits for the private operators.
Columnist Michelle Malkin calls PPPs 'corporate welfare.' Fannie Mae and Freddie Mac were some of the first PPPs and eventually caused the sub-prime mortgage crisis and subsequent $1 trillion dollar taxpayer BAILOUT!
The TIFIA loan program is a HUGE source of funds used to subsidize ill-conceived toll roads that can't pay for themselves. It's the primary pot of taxpayer money given to these private, foreign corporations seeking to takeover our U.S. highways using public private partnership toll road contracts.
NOTE: The first TIFIA loan was awarded to a private consortium in a PPP deal on the South Bay Expressway in San Diego. It went bankrupt less than three years later due to traffic projections that were off by over 40,000 cars per day! Taxpayers had to accept a write-down of nearly $80 million of a $172 million federal TIFIA loan in yet another taxpayer bailout for private corporations.
The TIFIA loan program is all BORROWED money from the Federal Reserve, so who will have to bailout these toll roads when the cars don't show up as they didn't in San Diego along with other projects across the country? YOU and me, the taxpayer.
Think about it – PPPs give private corporations the power to TAX! They are granted the power to levy unlimited toll taxes on the traveling public – and we can't hold corporations accountable like we can politicians at the ballot box. This is why politicians LOVE PPPs. They get to OUTSOURCE the taxation to their special interest buddies and makes us pay back our own money with interest through tolls!
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NEW FEDERAL HIGHWAY BILL PROPOSES TOLLS FOR ALL FREEWAYS
February 13, 2012 by