Friday, October 19, 2012

Government Subsidies for Highways Far Exceed Amtrak's

The Atlantic Cities is running an interesting piece by Eric Jaffe about Amtrak's record-setting ridership.  Notably, ticket purchases cover 85% of Amtrak's costs overall, and the northeast corridor turns a profit.  The 15% subsidy given to Amtrak--which primarily sustains long-distance interstate travel--pales in comparison to the 54% subsidy the Federal Government gives for highway spending in excess of gas tax receipts.