The tax code subsidizes education costs through various credits, deductions, and exclusions, with these tax expenditures totaling $32 billion in 2019. The largest is the American Opportunity Tax Credit for higher education expenses.
November 25, 2019
The Highway Trust Fund is funded by selected excise taxes. The tax rates on motor fuels, the biggest revenue source, have not increased since 1993. In recent years, transfers from the General Fund have sustained trust fund spending.
November 18, 2019