So much for the gas tax savings among drivers of hybrids, electric cars or other fuel-efficient vehicles...
After years of cost savings for fuel-efficient car buyers, the government wants the gasoline-tax revenue that was lost at the pump because the fuel-efficient cars don't have to fill up as much as other vehicles.
That's why the Obama administration is floating the idea of taxing you per miles driven, or as preliminary legislation puts it, "vehicles miles traveled" (VMT).
Yes, you read that right: A new tax on every mile you drive.
Pay-Per-Mile Tax Will Make Every Road a Toll Road
If you thought all the talk about taxing the rich meant the government would not be reaching deeper into the pockets of most Americans, then you haven't heard about the pay-per-mile tax.
It hasn't happened yet. But Congress is considering a new way of taxing American drivers that would charge them per mile instead of the current 18.4 cent-per-gallon gasoline tax they pay now.
A new study by the U.S. Government Accountability Office (GAO) says that such a pay-per-mile tax, also known as a vehicle-miles-traveled tax (VMT tax) or ObamaMiles, would cost the average American motorist at least $100 more per year than the current gasoline tax.
The problem the federal government faces is that the annual gasoline tax revenue of $34 billion has fallen far below the $78 billion required to maintain the country's highway system.