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Taxed By the Mile

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Protecting your money this morning, Americans are driving less and cars are more fuel efficient.  Now some states are considering a plan to tax you on top of what you pay at the pump.

The technology to tax drivers per mile is now becoming widely available.

A professor in Florida is working on new technology that communicates to the outside world how fast someone is driving, or if they're in a car accident. States and the federal government could use similar technology to track your distance. Still no word on when such a tax would be implemented.

Because drivers are spending less time on the road, not as much gas tax is being collected. The federal government hasn't had a gas tax increase in the past 20 years.

That's why congress bailed out the federal highway trust fund four times since 2009.

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