Cost of cars becoming out of reach for many Americans
San Antonio, TX is listed among those cities with incomes that can least afford a car payment for the average cost of a new car. Adding tolls to Texans' daily commute will not solve the affordability of driving problem our nation faces, yet that's the de facto transportation policy in Texas and many other states - tolls and debt to fund roads since the gas tax is a fixed amount and has not kept pace with inflation and is no longer adequate to fund road expansion or even to maintain our state highway system.
It's time to re-think the punitive taxation involved in tolling, and look to dedicating other existing taxes on roads and vehicles (that are being to diverted to other purposes) solely to transportation to ensure roads are adequately funded without tax increases that hurt Texans and our economy.
New Cars Increasingly Out of Reach for Many Americans
By Paul Eisenstein
NBC News
Wed., Feb. 27, 2013
Looking to buy a new car, truck or crossover? You may find it more difficult to stretch the household budget than you expected, according to a new study that finds median-income families in only one major U.S. city actually can afford the typical new vehicle.
The typical new vehicle is now more expensive than ever, averaging $30,500 in 2012, according to TrueCar.com data, and heading up again as makers curb the incentives that helped make their products more affordable during the recession when they were desperate for sales.
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Activists in Washington state want voters to decide whether interstate highways should ever be converted into toll roads. An initiative filed on Tuesday with the secretary of state's office would repeal provisions in state law that promote the use of tolling and force full disclosure of information on existing and proposed projects. About 330,000 signatures would be needed to guarantee the measure a spot on an upcoming ballot.