VMT

According to today's edition of O-No!, the Powers that Be are increasingly looking at the so-called VMT (Vehicle Miles Traveled) tax as a way to offset declining gas tax revenues.

Talk of a Vehicle Miles Traveled tax has long been discussed as a necessity in a decade or so, because cars are becoming more fuel efficient, and states and the federal government are losing gas-tax revenue.

But there is now a sense of urgency about the new VMT tax. When gas hit $4 a gallon this summer, Americans sharply curtailed their driving. And when the economy cratered this fall, the driving rollback continued, even when gas prices plummeted.