Wake up, America.SAN FRANCISCO, June 30 (Reuters) - The next road you travel -- and pay a toll to use -- could be privately owned.
Looking for ways to finance highway projects without hitting the public trough, the U.S. Congress appears set to pass a proposal to encourage private ownership of new toll roads.
Or maybe it's already too late.
Gee, I wonder.Ellen Danning, a law professor at Wayne State University in Detroit who has written on privatization, said private companies are not necessarily more efficient at running roads, and their tolls amount to a regressive tax on highway building.
A better solution to public underfunding of the road system may be to roll back tax cuts that are squeezing the federal budget, Danning said.
"One of the things to ask yourself is, why doesn't the government have the money to spend on the infrastructure that we need?" she said.
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