Transportation-generated revenue, including the federal gas tax, is meant to be reinvested into the roadway system to benefit all road users. Despite locally owned roads hosting 34% of all vehicle miles traveled in the U.S. and generating significant tax revenue, states allocate only 16% of their transportation disbursements to these local roads. In new research, Adie Tomer and Ben Swedberg examine these funding disparities and propose a fiscal rebalancing to fix America’s backlog of roadway maintenance.
What’s next for Japan and the US. Tomorrow, join the Center for Asia Policy Studies for a panel discussion about the challenges in U.S.-Japan relations and the impact on its economic statecraft. The panel will explore change in American economic governance with the return of "America First" policy, and Japan's adjustments in its economic security strategies towards the U.S., EU, and China.
Pandemic preparedness. COVID-19 caused over 7 million deaths globally, with millions more unreported, while bird flu is now spreading widely in the U.S., raising concerns about another potential pandemic. Tomorrow, the Center on Regulation and Markets will host an event on improving resilience against biological threats through enhanced biosafety and biosecurity.
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