The current trajectory of the Highway Trust Fund is unsustainable. Starting in fiscal year 2015, the trust fund will have insufficient resources to meet all of its obligations—CBO projects—resulting in steadily accumulating shortfalls.
By 2050, one-fifth of the U.S. population will be age 65 or older, up from 12 percent in 2000 and 8 percent in 1950. As a result, expenditures on long-term services and supports for the elderly will rise substantially in the coming decades.
Buyers of new electric vehicles receive federal tax credits of up to $7,500. How do the credits compare to the total lifetime cost of owning those vehicles and to the reduction in gasoline use and greenhouse gas emissions from driving them?
Spending on means-tested programs and tax credits for low-income households has grown in the past 40 years because of increases in the number of program participants and growth in spending per participant.