The Case For Localizing Federal Transportation Policy

[Originally published by Forbes]

 

[This article has been modified and updated from a Capitol Hill briefing I gave for the Cato Institute. You can watch the full speech here.]

Should the federal government dictate urban policy? This seems to be the default assumption among many Republicans and Democrats, for pet issues ranging from housing to infrastructure to immigration. But for those who care about cities, this approach may be wrong for two reasons. The first is that the federal government redirects tax revenue away from cities and into less productive rural areas, amounting to a raw deal for major metros. The second is that even when cities do receive federal funding, it is often wildly out of step with their needs. These problems are particularly pronounced for today’s topic, transportation….[read the rest at Forbes]